- A global trading house commented to SSESSMENTS.COM that last week, the offers for import PP Homo Raffia cargoes of Saudi origin to the Vietnam market were recorded stable from the previous two weeks with the offers stood at $910-930/ton on LC at sight, CIF Vietnam Main Port basis. The trader stated that deals were concluded at the initial offer level. Pertaining to the market situation, the overall demand for PP resins was still considered slow last week.
- Market sources reported to SSESSMENTS.COM that the leading Indonesian polyolefins producer has announced the price list for the week commencing June 22. Compared to last week, the local offers for PP Homo Raffia surfaced with an upward adjustment of IDR440,000/ton ($31/ton).
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 42.19 | August Settlement | 0.68 |
| NYMEX | 39.75 | July Settlement | 0.91 |
| Naphtha | 360 | CFR Japan | 3 |
| Ethylene | 837-845 | CFR NEA | No Changes |
| Ethylene | 787-795 | CFR SEA | No Changes |
| Propylene | 782-790 | CFR China | 4 to 6 |
| Propylene | 737-745 | FOB Korea | 4 to 6 |
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 | 15,060,000 | 1,055 |
| Malaysia | MYR | 4,080*-4,130* | 955-967 |
| Philippines | PHP | 60,000**-62,000** | 1,069-1,105 |
| Thailand | THB | 33,500-35,000 | 1,078-1,142 |
| Vietnam | VND | 24,600,000-26,000,000 | 959-1,014 |
Description: *Offers on 30 days credit term **Offers on 60 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | PP Homo Raffia | 910-950 |
| Southeast Asia | PP Homo Raffia | 920-940 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on June 22, 2020 12:22 PM (GMT+8)
Last Updated on June 22, 2020 12:22 PM (GMT+8)
