- A Chinese trader contacted by SSESSMENTS.COM informed its latest price list for the local market. As compared to last Friday’s level, the trader maintained a stable offer level for PP Homo Raffia grades, except for grade Z30S. In a bid to boost sales and stimulate buying sentiment, the trader initiated a price reduction of CNY300/ton ($42/ton) for PP Homo Raffia grade Z30S as compared to the same period. Current price list for PP Homo Raffia from the trader is available between CNY7,300-7,800/ton ($1,028-1,098/ton) on cash, EXW China basis and including 13% VAT.
- Similarly, another Chinese trader reported on maintaining a stable offer level for local PP Homo Raffia cargoes from a week earlier as changes in the futures market is not that significant. The latest offers from the trader are ranging between CNY7,500-7,550/ton ($1,056-1,063/ton) on cash, EXW China basis and including 13% VAT. SSESSMENTS.COM was informed that most downstream factories are holding back their purchases as export sales hit hard by the fallout of the coronavirus pandemic.
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Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
Brent | 32.5 | July Settlement | 1.37 |
NYMEX | 29.43 | June Settlement | 1.87 |
Naphtha | 249 | CFR Japan | 12 |
Ethylene | 577-585 | CFR NEA | No Changes |
Ethylene | 503-509 | CFR SEA | 24 to 26 |
Propylene | 753-759 | CFR China | 5 |
Propylene | 708-714 | FOB Korea | 5 |
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 | 6,925 | 6,898 | 6,884 |
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 | 7,300-7,500 | 7,300-7,550 |
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 | 860 | 860 |
Tags: Asia Pacific,China,Daily,English,NEA,PP
Published on May 18, 2020 2:15 PM (GMT+8)
Last Updated on May 18, 2020 4:21 PM (GMT+8)