DailySSESSMENTS: SEA PP Price 6th July 2020

Author: SSESSMENTS

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- Market sources in Indonesia revealed to SSESSMENTS.COM that the leading polyolefins producer in the country has announced a fresh price list for the week commencing July 6. As informed, the producer opted to roll over local offers for PP Homo Raffia as compared to previous price list announced on July 3. Current offers are available at IDR15,350,000/ton ($1,055/ton) on cash, FD Indonesia basis and excluding 10% VAT.

- Whereas in Vietnam, a converter reported to SSESSMENTS.COM that last week, the company received offers for local PP Homo Raffia cargoes at VND26,200,000/ton ($1,125/ton) on cash, FD Vietnam basis and including 10% VAT. Demand-wise, the converter said that sales from the company's end remain satisfactory despite the country is in the grip of a withering cold spell amid the rainy season.

Product	Price (USD)	Terms	Changes From Previous Trading Day (USD)
Brent	42.90	September Settlement	0.23
NYMEX	-	August Settlement	No Settlement*
Naphtha	-	CFR Japan	No Settlement*
Ethylene	877-885	CFR NEA	No Changes
Ethylene	787-795	CFR SEA	No Changes
Propylene	807-815	CFR China	5
Propylene	757-765	FOB Korea	5

Description: *No settlement due to U.S Independence 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	15,350,000	1,055
Malaysia	MYR	4,400-4,450	1,026-1,037
Philippines	PHP	64,000	1,152
Thailand	THB	35,000-36,000	1,122-1,154
Vietnam	VND	23,760,000-26,300,000	1,020-1,027