- For the week commencing May 11, market sources reported to SSESSMENTS.COM that the leading Indonesian polyolefins producer decided to increase the offers for PP Homo Raffia. Compared to the price list announced in the previous week, the offers for PP Homo Raffia are IDR110,000/ton ($7/ton) higher.
- A global trading house informed SSESSMENTS.COM that last week, the import offers for PP Homo Raffia of Middle East origin to Vietnam market increased by $40/ton from a week earlier and deals were concluded at the initial offer level at $840/ton on LC at sight, CIF Vietnam Main Port basis.
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DailySSESSMENTS: SEA PP Price 8th May 2020
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DailySSESSMENTS: China PP Price 11th May 2020
WeeklySSESSMENTS: SEA PP Prices W/C May 4
WeeklySSESSMENTS: China PP Prices W/C May 4
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 30.97 | July Settlement | 1.51 |
| NYMEX | 24.74 | June Settlement | 1.19 |
| Naphtha | 252 | CFR Japan | 11 |
| Ethylene | 452-460 | CFR NEA | 40 |
| Ethylene | 432-440 | CFR SEA | 35 |
| Propylene | 722-730 | CFR China | 25 |
| Propylene | 677-685 | FOB Korea | 30 |
PP Homo Raffia on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT and VND term includes 10% VAT all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 13,440,000 | 899 |
| Malaysia | MYR | 3,800*-3,850* | 876-888 |
| Philippines | PHP | 67,000 | 1,184 |
| Thailand | THB | 27,250-28,500 | 844-883 |
| Vietnam | VND | 21,500,000-22,500,000 | 833-872 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | PP Homo Raffia | 810-840 |
| Southeast Asia | PP Homo Raffia | 860 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on May 11, 2020 12:28 PM (GMT+8)
Last Updated on May 11, 2020 12:28 PM (GMT+8)
