- A trader in Shanghai contacted SSESSMENTS.COM’s team on June 16 stated that today’s buying sentiment is healthy as supported by the upswing in the futures market. On the trader’s end, offers for localized Iranian HDPE Film increased between CNY50-200/ton ($7-28/ton) as compared to last week’s level. For import materials, HDPE Film of US origin is available between $820-830/ton on TT, CIF Shanghai Port. However, buyers gave a cold response to this offer. Further added, as the relationship between the US and Iran has tensed up lately, market players worry about having some difficulties in procuring Iranian cargoes. As Iran is one of the major PE suppliers to China, buyers are concerned to face tight supply stemming from delivery disruption.
- A global trading house informed SSESSMENTS.COM that the company is offering LLDPE Film C4 of Philippines origin at $830/ton on LC at sight, CIF China main port basis. However, until the time of publication, no feedback received from buyers yet.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 39.72 | August Settlement | 0.99 |
| NYMEX | 37.12 | July Settlement | 0.86 |
| Naphtha | 347 | CFR Japan | 9 |
| Ethylene | 837-845 | CFR NEA | 34 to 36 |
| Ethylene | 787-795 | CFR SEA | 34 to 36 |
| Propylene | 763-769 | CFR China | No Changes |
| Propylene | 728-734 | FOB Korea | No Changes |
Futures Price on Dalian Commodity Exchange (DCE)
| Dalian Futures September 2020 | Today’s Open (CNY/ton) | Previous Trading Day’s Settlement (CNY/ton) | Today’s Settlement (CNY/ton) |
|---|
| LLDPE | 6,655 | 6,700 | 6,760 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| Central Asia | 7,850 | 8,100 |
| China | 7,500-7,700 | 7,600 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| Central Asia | 8,000 | 8,000 |
| China | 7,800-7,900 | 7,800-8,000 |
LLDPE Film C4, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 6,700-7,100 | 6,900-7,000 |
Import on LC at sight, CIF China main port basis
| Origin | Product | Previous Trading Day’s Range (USD/ton) | Today’s Range (USD/ton) |
|---|
| Middle East | HDPE Film | 840-860 | 840-860 |
| Southeast Asia | HDPE Film | 900 | 900 |
| Middle East | LDPE Film | 880-900 | 880-900 |
| Middle East | LLDPE Film C4 | 790-800 | 790-800 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on June 16, 2020 2:50 PM (GMT+8)
Last Updated on June 16, 2020 2:50 PM (GMT+8)
