- A trader reported to SSESSMENTS.COM that the company decided to adjust the offers for local LLDPE Film C4 cargoes. Compared to Thursday’s level, local offers for LLDPE Film C4 from their end were increased by CNY50/ton ($7/ton). While for local HDPE Film and LDPE Film cargoes, the offers were kept stable compared to the same period.
- Market sources informed SSESSMENTS.COM that the inventory of the two leading Chinese polyolefins producers recorded at 675,000 tons as of Friday morning, decreased by 20,000 tons from Thursday’s level. When compared to Monday, the inventory decreased by 145,000 tons.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 41.51 | August Settlement | 0.80 |
| NYMEX | 38.84 | July Settlement | 0.88 |
| Naphtha | 357 | CFR Japan | 5 |
| Ethylene | 837-845 | CFR NEA | No Changes |
| Ethylene | 787-795 | CFR SEA | No Changes |
| Propylene | 778-784 | CFR China | 4 to 6 |
| Propylene | 733-739 | FOB Korea | 5 |
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 | 6,850 | 6,860 | 6,820 |
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 | 8,200 | 8,200 |
| China | 7,600-8,050 | 7,600-8,050 |
| Middle East | - | 6,900-7,100 |
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 | 7,900-8,200 | 7,900-8,200 |
| Middle East | - | 8,300 |
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 | 6,850-7,100 | 7,000-7,100 |
| Middle East | 7,120 | 7,100-7,300 |
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 | 840-850 | 840-850 |
| Southeast Asia | HDPE Film | 900 | 900 |
| Middle East | LDPE Film | 885-910 | 885-910 |
| Middle East | LLDPE Film C4 | 810 | 810 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on June 19, 2020 2:44 PM (GMT+8)
Last Updated on June 19, 2020 3:26 PM (GMT+8)
