Futures Price on Dalian Commodity Exchange (DCE)
PP Homo Raffia, on cash, EXW China basis, including 13% VAT
Import PP Homo Raffia on LC at sight, CIF China main port basis
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- Following the uptrend in the futures market, a Chinese trader adjusted up local PP offers for this week. As compared to last Thursday’s level, the trader initiated a price increase of between CNY400-500/ton ($56-70/ton) for local PP Homo Raffia cargoes. The latest offers from the trader are available between CNY6,800-7,450/ton ($959-1,050/ton) on cash, EXW China basis and including 13% VAT. As of Tuesday, April 7, SSESSMENTS.COM noted that September 2020 PP prices on the Dalian Commodity Exchange surged by CNY183/ton ($25.7/ton) as observed at 1:30 PM GMT+8, open at CNY6,430/ton ($906/ton) by morning trading session.
- From the import market, a China-based trader reported on receiving import PP Homo Raffia offers from Vietnamese traders. The latest offers are available at $30/ton higher than the offer level available in the previous week, captured at $810/ton on LC at sight, CFR China Main Port basis. In the domestic market, the trader revealed that most traders adjusted up local PP Homo Raffia offers between CNY200-250/ton ($28-35/ton) from last Friday’s levels. However, the trader foresees that the price uptrend will be unable to sustain considering higher inventory levels in the domestic market.
Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
---|---|---|---|
Brent | 33.05 | June Settlement | -1.06 |
NYMEX | 26.08 | May Settlement | -2.26 |
Naphtha | 197 | CFR Japan | -18 |
Ethylene | 448-454 | CFR NEA | -30* |
Ethylene | 418-424 | CFR SEA | -30* |
Propylene | 583-589 | CFR China | -4* to -6* |
Propylene | 542-550 | FOB Korea | -20* |
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 | 6,430 | 6,247 | 6,569 |
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 | 6,400-6,500 | 6,600-6,800 |
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 | 710-740 | 710-740 |
Tags: Asia Pacific,China,Daily,English,NEA,PP
Published on April 7, 2020 4:02 PM (GMT+8)SHARE THIS STORY