- A trader in Indonesia informed to SSESSMENTS.COM that deals for local PP Homo Raffia cargoes from the company’s end were concluded between IDR14,740,000-15,000,000/ton ($886-901/ton) on cash, FD Indonesia basis, and excluding 10% VAT. As the harvest season has started to kick-in, the trader received information from the customers that the demand for the woven bag is picking up. Moreover, the demand for rice is improving amid the Coronavirus outbreak and will provide support for woven bag sales.
- A Vietnamese converter reported to SSESSMENTS.COM that the company received import Middle Easter PP Homo Raffia offers at $770-780/ton on LC at sight, CIF Vietnam Main Port basis. However, the converter did not proceed with procurement as import offers predicted to decrease further in the upcoming week. The converter stated that demand from the company’s end is stable as their finished products are for food packagings like rice and sugar. Currently, the converter is still running production at normal capacity and is waiting for instructions from the government whether they have to shut factories or reduce the operating rate.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 29.94 | June Settlement | 5.20 |
| NYMEX | 25.32 | May Settlement | 5.01 |
| Naphtha | 196 | CFR Japan | 30 |
| Ethylene | 478-484 | CFR NEA | No Changes |
| Ethylene | 448-454 | CFR SEA | No Changes |
| Propylene | 587-595 | CFR China | -4 to -6 |
| Propylene | 562-570 | FOB Korea | -9 to -11 |
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 | 14,700,000-15,200,000 | 883-913 |
| Southeast Asia | IDR | 14,700,000-15,200,000 | 883-913 |
| Vietnam | IDR | 14,740,000-15,000,000 | 886-901 |
| Malaysia | MYR | 3,800*-3,850* | 870-882 |
| Philippines | PHP | 67,000 | 1,176 |
| Thailand | THB | 28,500-30,000 | 862-908 |
| Vietnam | VND | 23,000,000 | 883 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| China | PP Homo Raffia | 780 |
| Far East Asia | PP Homo Raffia | 820-880 |
| Middle East | PP Homo Raffia | 730-800 |
| Southeast Asia | PP Homo Raffia | 800-870 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on April 3, 2020 12:45 PM (GMT+8)
Last Updated on April 3, 2020 12:45 PM (GMT+8)
