- Market sources in Indonesia informed SSESSMENTS.COM that the leading polyolefins producer in the country decided to roll over prices for the week commencing April 6. Compared to price list announced on March 30, the producer’s offers for PP Homo Raffia remain stable at IDR15,000,000/ton ($899/ton) on cash, FD Indonesia basis and excluding 10% VAT.
- SSESSMENTS.COM was informed that deals for Vietnamese PP Homo Raffia cargoes to Pakistan market concluded at $760/ton on LC at sight, CFR Karachi Port in the middle of last week. As informed, the deals were $60/ton lower than the initial offer level.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 34.11 | June Settlement | 4.17 |
| NYMEX | 28.34 | May Settlement | 3.02 |
| Naphtha | 215 | CFR Japan | 19 |
| 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 Ching Ming festival
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 | 15,000,000 | 899 |
| Malaysia | MYR | 3,800*-3,850* | 872-883 |
| Philippines | PHP | 67,000 | 1,317 |
| Thailand | THB | 28,500-30,000 | 861-906 |
| Vietnam | VND | 23,000,000 | 973 |
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 | 730-800 |
| Southeast Asia | PP Homo Raffia | 800-870 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on April 6, 2020 2:17 PM (GMT+8)
Last Updated on April 6, 2020 2:34 PM (GMT+8)
