- A South Korean producer told SSESSMENTS.COM that the producer has not sold out August shipment allocation yet as the company is struggling with the sales. Chinese PP buyers are being cautious with purchases, especially with downward movements in the futures market. The producer still offers PP Homo Raffia at $980/ton on LC at sight, CIF China main port basis, but deals are very difficult to achieve.
- A local trader shared to SSESSMENTS.COM the company’s price list as of July 16. Compared to the price list issued on July 14, the trader’s offers for PP Homo Raffia remain stable, ranging between CNY7,800-8,150/ton ($1,115-1,165/ton) on cash, EXW China basis and including 13% VAT.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 43.79 | September Settlement | 0.89 |
| NYMEX | 41.20 | August Settlement | 0.91 |
| Naphtha | 391 | CFR Japan | 5 |
| Ethylene | 798-804 | CFR NEA | No Changes |
| Ethylene | 712-720 | CFR SEA | 10 |
| Propylene | 822-830 | CFR China | No Changes |
| Propylene | 778-784 | FOB Korea | No Changes |
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) |
|---|
| PP Raffia | 7,570 | 7,624 | 7,525 |
PP Homo Raffia, on cash, EXW China basis, including 13% VAT
| Origin | Previous Trading Day’s Range (CNY/ton) | Today’s Range (CNY/ton) |
|---|
| China | 7,950-8,100 | 7,800-8,150 |
Import PP Homo Raffia on LC at sight, CIF China main port basis
| Origin | Previous Trading Day’s Range (USD/ton) | Today’s Range (USD/ton) |
|---|
| Far East Asia | 985-1,000 | 980 |
| Middle East | 940-960* | 940-960* |
Description: *To re-exporters
Tags: Asia Pacific,China,Daily,English,NEA,PP
Published on July 16, 2020 2:48 PM (GMT+8)
Last Updated on July 16, 2020 2:48 PM (GMT+8)
