- A Thai PE producer disclosed to SSESSMENTS.COM on the latest done deals for July shipment offers to the China market. This week, the producer managed to secure a deal for HDPE Film and LLDPE Film C4 at the initial offer levels. Transactions for both grades were successfully concluded at $820/ton and $800/ton, respectively, on LC at sight, CIF China Main Port basis. More added, the producer was running low on July shipment allocation.
- On the supply front, market sources voiced out to SSESSMENTS.COM that domestic inventory level at two leading Chinese polyolefins producers continues to decrease, indicating that most traders and converters are actively digesting local materials from the producer. However, market talks have it that both producers are keeping production rates at a low level amid maintenance shutdown at China plants, resulting in a shortage of materials. As of Friday morning, the inventory level of two leading Chinese polyolefins producers recorded at 740,000 tons, a reduction of 20,000 tons from Thursday’s level. When compared to Monday’s level, it showed a reduction of 165,000 tons.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 36.06 | July Settlement | 0.31 |
| NYMEX | 33.92 | June Settlement | 0.43 |
| Naphtha | 267 | CFR Japan | 1 |
| Ethylene | 612-620 | CFR NEA | No Changes |
| Ethylene | 552-560 | CFR SEA | No Changes |
| Propylene | 783-789 | CFR China | 15 |
| Propylene | 733-739 | FOB Korea | 15 |
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 | 6,515 | 6,535 | 6,455 |
HDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,100-7,400 | 7,100-7,400 |
LDPE Film, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,200-7,550 | 7,200-7,550 |
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 | 6,450-6,700 | 6,450-6,700 |
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 | 750 | 750 |
| Southeast Asia | HDPE Film | 820 | 820 |
| Middle East | LDPE Film | 840-860 | 840-860 |
| Middle East | LLDPE Film C4 | 770 | 770 |
| Southeast Asia | LLDPE Film C4 | 800 | 800 |
Tags: Asia Pacific,China,Daily,English,NEA,PE
Published on May 22, 2020 2:51 PM (GMT+8)
Last Updated on May 22, 2020 2:51 PM (GMT+8)
