- A trader based in China informed SSESSMENTS.COM on the latest offers for PP cargoes in the domestic market. As compared to the offers available last Friday, the trader decided to maintain the company’s offers for PP Homo Raffia stable. Currently, the trader’s offers for the grades are available at CNY7,750-7,950/ton ($1,092-1,121/ton) on cash, EXW China basis and including 13% VAT.
- On the supply side, market sources in China revealed to SSESSMENTS.COM on the latest updates of inventory level of the two leading Chinese polyolefins producers. As of Tuesday morning, June 16, total inventory level at both producers recorded a decline of 45,000 tons from a day earlier, stood at 775,000 tons.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 39.72 | August Settlement | 0.99 |
| NYMEX | 37.12 | July Settlement | 0.86 |
| Naphtha | 347 | CFR Japan | 9 |
| Ethylene | 837-845 | CFR NEA | 34 to 36 |
| Ethylene | 787-795 | CFR SEA | 34 to 36 |
| Propylene | 763-769 | CFR China | No Changes |
| Propylene | 728-734 | 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 | 7,303 | 7,336 | 7,414 |
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 | 7,850-8,100 | 7,750-8,050 |
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) |
|---|
| Middle East | 870-900 | 870-900 |
Tags: Asia Pacific,China,Daily,English,NEA,PP
Published on June 16, 2020 2:36 PM (GMT+8)
Last Updated on June 16, 2020 2:36 PM (GMT+8)
