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DailySSESSMENTS: SEA PP Price 2nd June 2020

Author: SSESSMENTS

- A trader contacted by SSESSMENTS.COM’s team unveiled that Thailand suppliers are indicating firm prices for PP Homo Raffia for the week commencing June 1, citing the higher feedstock prices and limited supply. At the moment, most suppliers are quoting PP Homo Raffia prices of Thailand origin above $900/ton-level to the Southeast Asia market. However, buyers deemed the offers are too high and the acceptable level is at $900/ton. Further added by the trader, most Southeast Asian suppliers are not facing any sales pressure as previously they have sold a lot of materials to the China market.

- Whereas in Myanmar, a trader informed SSESSMENTS.COM that currently, import PP Homo Raffia prices of Middle East origin stand at $865-880/ton on LC at sight, CIF Myanmar main port basis. Compared to the level received on May 11, the current offers are higher between $15-20/ton. The source is wondering if import Middle Eastern PP Homo Raffia would reach $900/ton-level in the near future.

Click below to view related stories and content on PP:

DailySSESSMENTS: SEA PP Price 1st June 2020 

DailySSESSMENTS: China PP Price 1st June 2020

DailySSESSMENTS: China PP Price 2nd June 2020

WeeklySSESSMENTS: SEA PP Prices Week Starting May 25  

WeeklySSESSMENTS: China PP Prices Week Starting May 25

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent38.32August Settlement0.48
NYMEX35.44July Settlement-0.05
Naphtha323CFR Japan5
Ethylene708-714CFR NEA-10
Ethylene677-685CFR SEA40
Propylene758-764CFR ChinaNo Changes
Propylene717-725FOB KoreaNo Changes

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)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR14,470,000996
MalaysiaMYR4,080*-4,130*944-956
PhilippinesPHP60,0001,062
ThailandTHB28,000-30,500882-961
VietnamVND23,000,000-24,300,000897-948
Description: *Offers on 30 days credit term

Import on LC at sight, CIF Southeast Asia main port basis

OriginProductOffers (USD/ton)
Middle EastPP Homo Raffia865-880
Southeast AsiaPP Homo Raffia930-950

Tags: Asia Pacific,Daily,English,PP,SEA

Published on June 2, 2020 11:40 AM (GMT+8)
Last Updated on June 2, 2020 11:40 AM (GMT+8)