- A trader reported to SSESSMENTS.COM that May shipment offers for PP Homo Raffia of United Arab Emirates origin surfaced with a downward adjustment of $30/ton from April shipment’s level. Contrastingly, June shipment offers for PP Homo Raffia from the leading Indian petrochemical producer increased by $20/ton compared to May shipment. While for import Saudi PP Homo Raffia, the offers are available at $810/ton on LC at sight, CIF China Main Port basis, and there is no price comparison available. The trader stated that the offers are deemed unattractive by buyers in China.
- In the local market, a trader informed to SSESSMENTS.COM that the offers for local PP Homo Raffia generally increased by CNY200/ton ($28/ton) compared to Thursday. However, the trader stated that the offers for PP Homo Raffia T30S decreased by CNY200/ton ($28/ton) compared to the same period.
Click below to view related stories and content on China PP:
DailySSESSMENTS: SEA PP Price 23rd April 2020
DailySSESSMENTS: China PP Price 23rd April 2020
DailySSESSMENTS: SEA PP Price 24th April 2020
WeeklySSESSMENTS: SEA PP Prices W/C April 20
WeeklySSESSMENTS: China PP Prices W/C April 20
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 21.33 | June Settlement | 0.96 |
| NYMEX | 16.5 | June Settlement | 2.72 |
| Naphtha | 198 | CFR Japan | -1 |
| 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 | 6,999 | 6,791 | 6,885 |
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 | 7,200-7,400 |
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 | 770-780 |
Tags: Asia Pacific,China,Daily,English,NEA,PP
Published on April 24, 2020 3:14 PM (GMT+8)
Last Updated on April 24, 2020 3:14 PM (GMT+8)
