- A trader in China informed SSESSMENTS.COM that offers from the company for local HDPE Film and LLDPE Film C4 were relatively stable compared to last Friday. On the other hand, offers for local LDPE Film decreased between CNY200-300/ton ($29-43/ton) compared to the same period. The trader’s offers for the grade stand at CNY8,550/ton ($1,223/ton) on cash, EXW China basis and including 13% VAT.
- In the futures market, SSESSMENTS.COM noted that September 2020 LLDPE futures on the Dalian Commodity Exchange decreased by CNY30/ton ($4/ton) as observed at 2.33 PM (GMT+8), opened at CNY7,080/ton ($1,013/ton) by morning trading session.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 43.28 | September Settlement | 0.14 |
| NYMEX | 40.81 | August Settlement | 0.22 |
| Naphtha | 387 | CFR Japan | 3 |
| Ethylene | 798-804 | CFR NEA | No Changes |
| Ethylene | 712-720 | CFR SEA | No Changes |
| Propylene | 823-829 | CFR China | 5 |
| Propylene | 783-789 | FOB Korea | 5 |
Futures Price on Dalian Commodity Exchange (DCE)
| Dalian FuturesSeptember 2020 | Today’s Open (CNY/ton) | Previous Trading Day’s Settlement (CNY/ton) | Today’s Settlement (CNY/ton) |
|---|
| LLDPE | 7,080 | 7,085 | 7,085 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 8,400-8,600 | 8,400 |
| Middle East | 8,800-9,000 | 8,800-9,000 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 8,750-8,850 | 8,550 |
| Middle East | 9,000-9,200 | 8,900-9,100 |
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 | 7,200-7,350 | 7,200-7,300 |
| Middle East | 7,500 | 7,600 |
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 | 950-980 | 950-980 |
| Southeast Asia | HDPE Film | - | 980 |
| Middle East | LDPE Film | 960-990 | 960-990 |
| Middle East | LLDPE Film C4 | 840-860 | 840-860 |
| Southeast Asia | LLDPE Film C4 | - | 900 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on July 21, 2020 2:53 PM (GMT+8)
Last Updated on July 21, 2020 2:53 PM (GMT+8)
