- Market sources in Indonesia reported to SSESSMENTS.COM that the leading Indonesian polyolefins producer has announced fresh offers for this week. As compared to the previous price list, the producer has implemented a significant downward price correction for PP Homo Raffia by IDR940,000/ton ($59.2/ton). Meanwhile, the offers for PP Homo Raffia higher MFI remain absent this week.
- Meanwhile, a global trading house informed SSESSMENTS.COM that import offers for Middle Eastern PP Homo Raffia to the Vietnam market were absent last week. Most suppliers prefer to sell their cargoes to China as they could sell the cargoes at $750-760/ton-level. Meanwhile, in Vietnam, bids for Middle Eastern PP Homo Raffia were mostly at $730/ton-level. Additionally, Thai and South Korean producers also prefer to sell their cargoes to China. As such, import PP offers to Vietnam market were scarce last week.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | - | June Settlement | No Settlement* |
| NYMEX | - | May Settlement | No Settlement* |
| Naphtha | - | CFR Japan | No Settlement* |
| Ethylene | - | CFR NEA | No Settlement* |
| Ethylene | - | CFR SEA | No Settlement* |
| Propylene | - | CFR China | No Settlement* |
| Propylene | - | FOB Korea | No Settlement* |
Description: *No settlement due to Good Friday holiday
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 | 14,060,000 | 886 |
| Malaysia | MYR | 3,600 | 835 |
| Philippines | PHP | 67,000 | 1,180 |
| Thailand | THB | 27,000-28,500 | 823-869 |
| Vietnam | VND | 23,000,000 | 882 |
Import on LC at sight, CIF/CFR Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | PP Homo Raffia | 740-780 |
| Southeast Asia | PP Homo Raffia | 740-810 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on April 13, 2020 12:49 PM (GMT+8)
Last Updated on April 13, 2020 12:49 PM (GMT+8)
