- An Indonesian converter reported to SSESSMENTS.COM on receiving PP Homo Raffia offers from a Saudi producer at $880/ton on LC at sight, CIF Indonesia main port basis. The converter opined that the offers are too high while the producer is not willing to sell below $800/ton-level. The converter mentioned that purchasing import cargoes at the moment is risky due to the volatile currency exchange rate.
- A trader in Vietnam informed SSESSMENTS.COM that PP Homo Raffia offers from the leading Indonesian polyolefins producer decreased by $10/ton compared to last week. The offers stood at the same level as for cargoes of Taiwan origin, at $840/ton on LC at sight, CIF Vietnam main port basis. For local materials, the trader has no offers, but according to the trader, domestic offers are between VND22,500,000-23,500,000/ton ($952-995/ton) on cash, FD Vietnam basis and including 10% VAT.
*Offers on 30 days credit term
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 22.76 | May Settlement | -2.17 |
| NYMEX | 20.09 | May Settlement | -1.42 |
| Naphtha | 290 | CFR Japan | -1 |
| Ethylene | 533-539 | CFR NEA | -4 to -6 |
| Ethylene | 478-484 | CFR SEA | -44 to -46 |
| Propylene | 647-655 | CFR China | No Changes |
| Propylene | 627-635 | FOB Korea | No Changes |
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 | 15,000,000-15,200,000 | 917-929 |
| Southeast Asia | IDR | 14,900,000* | 911 |
| Malaysia | MYR | 4,600*-4,650* | 1,060-1,071 |
| Philippines | PHP | 67,000 | 1,173 |
| Thailand | THB | 29,500 | 902 |
| Vietnam | VND | 23,500,000 | 904 |
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Far East Asia | PP Homo Raffia | 840-880 |
| Middle East | PP Homo Raffia | 800-880 |
| Southeast Asia | PP Homo Raffia | 800-850 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on March 31, 2020 12:45 PM (GMT+8)
Last Updated on March 31, 2020 12:47 PM (GMT+8)
