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DailySSESSMENTS: China PE Price 3rd June 2020

Author: SSESSMENTS

- A Thai PE producer informed SSESSMENTS.COM that the producer has announced export PE offers to the China market for late July or early August shipment on June 3. The fresh offers surfaced with increases of $40/ton for HDPE Film and $35/ton for LLDPE Film C4, while offers for LDPE Film remain absent. The producer claimed that the upswing in crude oil prices and the uptrend in China’s PE market has pushed the producer to make an upward price adjustment. Further added, the source revealed facing difficulties to conclude deals now. Added to that, July and August are the traditional low season for PE in China. 

- In the local market, a Chinese trader reported to adjust up the offers as of June 3. Compared to the trader’s price list on Tuesday, June 2, SSESSMENTS.COM noted that offers for LDPE Film increased between CNY100-350/ton ($14-49/ton) and between CNY50-150/ton ($7-21/ton) for LLDPE Film C4.

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ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent39.57August Settlement1.25
NYMEX36.81July Settlement1.37
Naphtha337CFR Japan14
Ethylene708-714CFR NEANo Changes
Ethylene677-685CFR SEANo Changes
Propylene758-764CFR ChinaNo Changes
Propylene717-725FOB KoreaNo Changes

Futures Price on Dalian Commodity Exchange (DCE)

Dalian Futures September 2020Today’s Open (CNY/ton)Previous Trading Day’s Settlement (CNY/ton)Today’s Settlement (CNY/ton)
LLDPE6,6956,7006,710

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,5007,500
Middle East7,5007,500
Southeast Asia7,800-7,8507,800-7,850

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,450-7,8007,800-8,000
Middle East7,800-7,9007,800-7,900

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

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China6,800-6,8506,900-7,000
Middle East7,2007,200

Import on LC at sight, CIF China main port basis

OriginProductPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle EastHDPE Film790-810790-810
Southeast AsiaHDPE Film-860
Middle EastLDPE Film820-840855
Middle EastLLDPE Film C4740-750740-770
Southeast AsiaLLDPE Film C4-835

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

Published on June 3, 2020 2:47 PM (GMT+8)
Last Updated on June 3, 2020 8:38 PM (GMT+8)