- A global trading house informed SSESSMENTS.COM that the company’s offers for local PP Homo Raffia cargoes were adjusted up by CNY100/ton ($14/ton) compared to Wednesday’s level following the increases in the futures market. From the import market, the offers for PP Homo Raffia from the leading Indian petrochemical producer are available at $770/ton on LC at sight, CIF China Main Port basis.
- A local trader reported to SSESSMENTS.COM that the company’s offers for local PP Homo Raffia cargoes were generally stable compared to Wednesday’s level, except for PP Homo Raffia grade Z30S. As noted, offers for that particular grade dropped by CNY500/ton ($70.5/ton) as compared to the same period.
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 20.37 | June Settlement | 01.04 |
| NYMEX | 13.78 | June Settlement | 2.21 |
| Naphtha | 199 | CFR Japan | 15 |
| Ethylene | 328-334 | CFR NEA | No Changes |
| Ethylene | 328-334 | CFR SEA | No Changes |
| Propylene | 653-659 | CFR China | No Changes |
| Propylene | 603-609 | 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 | 6,594 | 6,436 | 6,791 |
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 | 7,000-7,400 | 7,000-7,400 |
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 | 750-780 | 750-780 |
Tags: Asia Pacific,China,Daily,English,NEA,PP
Published on April 23, 2020 3:00 PM (GMT+8)
Last Updated on April 23, 2020 3:07 PM (GMT+8)
