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DailySSESSMENTS: SEA PP Price 7th July 2020

Author: SSESSMENTS

-  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.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent43.10September Settlement-0.04
NYMEX40.63August Settlement-0.02
Naphtha394CFR Japan9*
Ethylene848-854CFR NEA-29 to -31
Ethylene778-784CFR SEA-9 to -11
Propylene807-815CFR ChinaNo Changes
Propylene757-765FOB KoreaNo 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)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR14,800,000*-15,350,0001,024-1,062
Southeast AsiaIDR15,700,000*1,086
MalaysiaMYR4,400*-4,450*1,027-1,039
PhilippinesPHP64,0001,156
ThailandTHB35,000-36,0001,125-1,157
VietnamVND25,080,000978
Description: *Offers on 30 days credit term

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

OriginProductOffers (USD/ton)
Far East AsiaPP Homo Raffia970
Indian SubcontinentPP Homo Raffia930-960
Middle EastPP Homo Raffia950-960
Southeast AsiaPP Homo Raffia980-1,000

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)