- A trader in Thailand contacted by SSESSMENTS.COM informed that last week’s offers for local PP Homo Raffia cargoes from a polyolefins producer in the country were hiked by THB1,000/ton ($31/ton) on week-on-week comparison. This price was considered firm and only supported by tight supply from the producer’s end, while demand has yet to pick up. As such, the trader opined that last week’s firm prices would not sustain despite the higher feedstock prices since the fundamental factor has yet to recover.
- The leading Indonesian polyolefins producer has announced the fresh price list for the week commencing May 25. SSESSMENTS.COM noted that offers for PP Homo Raffia have increased by IDR200,000/ton ($13/ton) as compared to last week’s price list announced on May 18.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 35.53 | July Settlement | 0.40 |
| NYMEX | - | June Settlement | No Settlement* |
| Naphtha | - | CFR Japan | No Settlement* |
| Ethylene | 672-680 | CFR NEA | No Changes |
| Ethylene | 612-620 | CFR SEA | No Changes |
| Propylene | 792-800 | CFR China | No Changes |
| Propylene | 747-755 | FOB Korea | No Changes |
Description: *No settlement due to Memorial Day
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 | 14,200,000 | 954 |
| Southeast Asia | IDR | 14,200,000 | 954 |
| Malaysia | MYR | 3,800*-3,850* | 870-882 |
| Philippines | PHP | 67,000 | 1,173 |
| Thailand | THB | 29,500 | 921 |
| Vietnam | VND | 22,000,000-23,700,000 | 856-922 |
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 | 780-840 |
| Southeast Asia | PP Homo Raffia | 850-915 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on May 26, 2020 11:59 AM (GMT+8)
Last Updated on May 26, 2020 2:04 PM (GMT+8)
