- A global trading house shared with SSESSMENTS.COM that the company adjusted import offers for PP Homo Raffia to Indonesia market this week. As informed, current import PP Homo Raffia offers of Saudi origin are $80/ton higher in comparison to the offer level available in early June, available at $960/ton on LC at sight, CIF Indonesia Main Port basis. To date, the trader has yet to receive any feedback from the customers, albeit the offer level is quite competitive.
- Whereas in Vietnam, a trader revealed to SSESSMENTS.COM that the company has yet to receive fresh offers from local producers so far. However, toward the end of the previous week, some converters in the country received offers for local PP Homo Raffia cargoes from a producer at VND25,080,000/ton ($978/ton), or at VND1,200,000/ton ($51.4/ton) higher as compared to the offer level available in early last week. Offers on cash, FD Ho Chi Minh basis and including 10% VAT.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 43.10 | September Settlement | -0.04 |
| NYMEX | 40.63 | August Settlement | -0.02 |
| Naphtha | 394 | CFR Japan | 9* |
| Ethylene | 848-854 | CFR NEA | -29 to -31 |
| Ethylene | 778-784 | CFR SEA | -9 to -11 |
| Propylene | 807-815 | CFR China | No Changes |
| Propylene | 757-765 | FOB Korea | No Changes |
Description: *Compared to price in DailySSESSMENTS July 3
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 | 14,800,000*-15,350,000 | 1,024-1,062 |
| Southeast Asia | IDR | 15,700,000* | 1,086 |
| Malaysia | MYR | 4,400*-4,450* | 1,027-1,039 |
| Philippines | PHP | 64,000 | 1,156 |
| Thailand | THB | 35,000-36,000 | 1,125-1,157 |
| Vietnam | VND | 25,080,000 | 978 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF/CFR Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Far East Asia | PP Homo Raffia | 970 |
| Indian Subcontinent | PP Homo Raffia | 930-960 |
| Middle East | PP Homo Raffia | 950-960 |
| Southeast Asia | PP Homo Raffia | 980-1,000 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on July 7, 2020 12:09 PM (GMT+8)
Last Updated on July 10, 2020 12:01 PM (GMT+8)
