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DailySSESSMENTS: China PE Price 28th July 2020

Author: SSESSMENTS

- A trader based in Ningbo informed SSESSMENTS.COM that the leading Saudi polyolefins producer will announce a full price list for August shipment in the beginning of August. According to the trader, this week, the producer’s offers for HDPE Film were unchanged while offers for LLDPE Film C4 dropped by $30/ton compared to last week. From another Saudi producer, the trader received offers for HDPE Film and LLDPE Film C4 with increases of $70/ton and $30/ton, respectively compared to offers for July shipment. The trader concluded deals for HDPE Film at $910/ton on LC at sight, CIF China main port basis or $10/ton lower than the initial offer level. Meanwhile, deals for LLDPE Film C4 were concluded at the initial offer level, at $830/ton with the same payment and delivery term.

- For local offers, another Chinese trader revealed to SSESSMENTS.COM that the company decided to increase offers for LDPE Film between CNY50-100/ton ($7-14/ton) compared to Monday’s level. Similarly, the trader’s offers for LLDPE Film C4 also went up by CNY50/ton ($7/ton) compared to the same period.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent43.41September Settlement0.07
NYMEX41.6September Settlement0.31
Naphtha393CFR Japan-1
Ethylene798-804CFR NEANo Changes
Ethylene712-720CFR SEANo Changes
Propylene823-829CFR ChinaNo Changes
Propylene783-789FOB KoreaNo Changes

Futures Price on Dalian Commodity Exchange (DCE)

Dalian FuturesSeptember 2020Today’s Open (CNY/ton)Previous Trading Day’s Settlement (CNY/ton)Today’s Settlement (CNY/ton)
LLDPE7,0557,0107,075

HDPE Film, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,900-8,4007,900-8,400

LDPE Film, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China8,450-8,5008,450-8,550

LLDPE Film C4, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,050-7,3507,050-7,200

Import on LC at sight, CIF China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle EastHDPE Film920-950910-960
Middle EastLDPE Film960-980980-1,000
Middle EastLLDPE Film C4820-850830-850

Tags: Asia Pacific,China,Daily,English,NEA,PE

Published on July 28, 2020 2:47 PM (GMT+8)
Last Updated on July 28, 2020 2:47 PM (GMT+8)