A Malaysian producer informed SSESSMENTS.COM that current firm import PE and PP prices in Asia market are supported by supply issues and limited offers. According to the producer, despite the firm import PE offers in China, HDPE Film offers above $850/ton-level is not acceptable as HDPE Film prices in the domestic market are available at a lower level. While for LDPE Film, as market talks have it that currently, LDPE Film supply in China market is limited as Qatari producers are no longer offering these materials to the country.
While in Southeast Asia, import PE offers above $900/ton became more apparent. SSESSMENTS.COM’s pricing database showed that this week, offers for Middle Eastern LLDPE Film C4 cargoes captured as high as $920/ton. For regional cargoes, import offers for HDPE Film and LLDPE Film C4 stood at $940-950/ton and $930/ton, respectively. All on LC at sight, CIF Southeast Asia Main Port basis. As for demand, the producer opined that PE demand in the region is quite healthy even though it could not be categorized as strong yet. While for PP, fresh import PP offers were scarce this week, however, as stated by the producer, current PP demand is strong. For the outlook, considering the uptrend in feedstock prices, PE and PP prices expected to remain firm onward.
Transaction for import PE, PP offers between June 29 to July 3 on CIF Main Port basis
| Origin | Product | Transaction Type | Offers (USD/ton) | Payment Term | Delivery Country |
|---|
| Middle East | HDPE Blow Moulding | Offer Given | 870-900 | LC at sight | China |
| Middle East | HDPE Blow Moulding | Offer Received | 910 | LC at sight | China |
| Far East Asia | HDPE Film | Offer Given | 920 | LC at sight | China |
| Middle East | HDPE Film | Offer Given | 950-955 | TT | China |
| Middle East | HDPE Film | Offer Given | 860-930 | LC at sight | China |
| Middle East | HDPE Film | Offer Received | 870-930 | LC at sight | China |
| Middle East | HDPE Film | Purchased | 850 | LC at sight | China |
| Southeast Asia | HDPE Film | Offer Given | 940-950 | LC at sight | Southeast Asia |
| North America | HDPE Injection | Offer Received | 900 | LC at sight | China |
| North America | HDPE Injection | Offer Given | 840 | LC 90 days | China |
| Indian Subcontinent | HDPE Yarn | Sold | 860 | LC 90 days | China |
| Middle East | LDPE Film | Offer Given | 950 | LC at sight | China |
| Middle East | LDPE Film | Offer Received | 910-950 | LC at sight | China |
| Middle East | LLDPE Film C4 | Offer Given | 830 | LC at sight | China |
| Middle East | LLDPE Film C4 | Offer Received | 830-880 | LC at sight | China |
| Middle East | LLDPE Film C4 | Offer Received | 920 | LC at sight | Southeast Asia |
| Southeast Asia | LLDPE Film C4 | Offer Given | 870 | LC at sight | China |
| Southeast Asia | LLDPE Film C4 | Offer Received | 870 | LC 90 days | China |
| Southeast Asia | LLDPE Film C4 | Sold | 870 | LC at sight | China |
| Southeast Asia | LLDPE Film C4 | Offer Given | 930 | LC at sight | Southeast Asia |
| Far East Asia | PP Block Copolymer | Offer Given | 1,010 | LC at sight | China |
| Far East Asia | PP Block Copolymer | Sold | 970 | LC at sight | China |
| Middle East | PP Block Copolymer | Offer Given | 950-970 | LC at sight | China |
| Middle East | PP Block Copolymer | Offer Received | 930-940 | LC at sight | China |
| Southeast Asia | PP Block Copolymer | Offer Received | 1,050-1,070 | LC at sight | China |
| Indian Subcontinent | PP Homo Injection | Offer Given | 890-900 | TT | China |
| Middle East | PP Homo Injection | Offer Given | 900-920 | LC at sight | China |
| Middle East | PP Homo Injection | Offer Received | 1,010 | LC at sight | Southeast Asia |
| Southeast Asia | PP Homo Injection | Offer Received | 1,040 | LC at sight | China |
| Central Asia | PP Homo Raffia | Offer Given | 890 | LC at sight | China |
| Central Asia | PP Homo Raffia | Sold | 890 | LC at sight | China |
| Indian Subcontinent | PP Homo Raffia | Offer Given | 890-910 | LC at sight | China |
| Indian Subcontinent | PP Homo Raffia | Offer Received | 910* | LC at sight | China |
| Indian Subcontinent | PP Homo Raffia | Sold | 890 | LC at sight | China |
| Middle East | PP Homo Raffia | Offer Given | 880-900 | LC at sight | China |
| Middle East | PP Homo Raffia | Offer Received | 900-920 | LC at sight | China |
| Middle East | PP Homo Thermoforming | Offer Received | 1,010 | LC at sight | Southeast Asia |
| Middle East | PP Random Copolymer Extrusion | Offer Received | 1,160 | LC at sight | China |
| Southeast Asia | PP Random Copolymer Extrusion | Offer Received | 1,150 | LC at sight | China |
Description: *September shipment offers
Tags: Asia Pacific,China,English,Malaysia,NEA,News,PE,PP,SEA
Published on July 3, 2020 3:44 PM (GMT+8)
Last Updated on July 3, 2020 3:44 PM (GMT+8)
