Search posts by:

Search posts by:

Newsletter successfully sent
Failed to send newletter

DailySSESSMENTS: China PP Price 8th April 2020

Author: SSESSMENTS

- Although PP demand remains sluggish in the domestic market, a trader informed SSESSMENTS.COM that the local offers for PP Homo Raffia have increased between CNY600-700/ton ($85-99/ton) compared to Monday’s level. For import cargoes, the trader stated that PP Homo Raffia cargoes of Oman origin sold at $740/ton on LC 60 days, CIF China Main Port basis. While Indian PP Homo Raffia cargoes sold at $725/ton on LC 30 days, also on CIF main port basis. The trader stated that the allocation has been sold out since Tuesday. 

- From the import market, a trader reported to SSESSMENTS.COM that the offers for Vietnamese PP Homo Raffia cargoes increased by $15/ton from Tuesday’s level. Currently, the offers are available at $825/ton on LC at sight, CIF China Main Port basis. The trader opined that it is reasonable that there are some increases in polymers prices as the crude oil price has rebounded from the bottom level last month at $19.92 per barrel, although it is still showing some decreases on a daily basis. The trader added that PP prices are firmer compared to PE, especially for PP Fiber, as this grade is used to produce masks, and at the moment, demand for the masks in both local and export markets is striking.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent31.87June Settlement-1.18
NYMEX23.63May Settlement-2.45
Naphtha187CFR Japan-10
Ethylene408-414CFR NEA-40
Ethylene378-384CFR SEA-40
Propylene598-604CFR China15
Propylene548-554FOB Korea4 to 6

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)
PP Raffia6,5696,5696,598

PP Homo Raffia, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China6,600-6,8006,900-7,200

Import PP Homo Raffia on LC at sight, CIF China main port basis

OriginPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle East710-740710-740

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

Published on April 8, 2020 3:28 PM (GMT+8)
Last Updated on April 8, 2020 3:57 PM (GMT+8)