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DailySSESSMENTS: China PE Price 13th April 2020

Author: SSESSMENTS

- A Chinese trader informed SSESSMENTS.COM that coming to Monday morning, April 13, China’s futures market remains on a positive note. Moreover, formula prices for Iranian cargoes have moved up between $30-40/ton following the higher market prices last week. As such, the trader opined that this week’s final prices for PE will be higher than last week. Demand-wise, China market continues in an uptrend as buyers have started to secure some materials after an absence for about two months coupled with the rebound in crude oil prices. However, the trader opined that the uptrend in prices would not last for a long time if the demand for the converters’ finished products to the export market remains slow.

- In the import market, offers for HDPE Film and LLDPE Film C4 of Thailand origin increased by $150/ton and $80/ton, respectively compared to last week’s level. Despite the limited supply for these grades at the producer’s end, the offers are deemed too high by buyers; hence, no deals concluded yet.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent-June SettlementNo Settlement*
NYMEX-May SettlementNo Settlement*
Naphtha-CFR JapanNo Settlement*
Ethylene-CFR NEANo Settlement*
Ethylene-CFR SEANo Settlement*
Propylene-CFR ChinaNo Settlement*
Propylene-FOB KoreaNo Settlement*
Description: *No settlement due to Good Friday holiday

Futures Price on Dalian Commodity Exchange (DCE)

Dalian Futures September 2020Today’s Open (CNY/ton)Previous Trading Day’s Settlement (CNY/ton)Today’s Settlement (CNY/ton)
LLDPE6,4006,1306,395

HDPE Film, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,400-7,6007,400-7,600

LDPE Film, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,500-7,8007,500-7,800

LLDPE Film C4, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China6,500-6,6506,500-6,650

Import on LC at sight, CIF China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle EastHDPE Film700-730700-730
Southeast AsiaHDPE Film800-825960
Middle EastLDPE Film780-820780-820
Middle EastLLDPE Film C4670-750670-750
Southeast AsiaLLDPE Film C4760-770850

Tags: Asia Pacific,China,Daily,English,NEA,PE

Published on April 13, 2020 3:31 PM (GMT+8)
Last Updated on April 13, 2020 3:31 PM (GMT+8)