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DailySSESSMENTS: China PP Price 18th May 2020

Author: SSESSMENTS

- 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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DailySSESSMENTS: SEA PP Price 18th May 2020

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WeeklySSESSMENTS: China PP Prices Week Starting May 11

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent32.5July Settlement1.37
NYMEX29.43June Settlement1.87
Naphtha249CFR Japan12
Ethylene577-585CFR NEANo Changes
Ethylene503-509CFR SEA24 to 26
Propylene753-759CFR China5
Propylene708-714FOB Korea5

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)
PP Raffia6,9256,8986,884

PP Homo Raffia, on cash, EXW China basis, including 13% VAT

OriginPrevious Trading Day’s Range (CNY/ton)Today’s Range (CNY/ton)
China7,300-7,5007,300-7,550

Import PP Homo Raffia on LC at sight, CIF China main port basis

OriginPrevious Trading Day’s Range (USD/ton)Today’s Range (USD/ton)
Middle East860860

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)