- Compared to the last Friday, the offers for local PP Homo Raffia cargoes from a Chinese trader are kept stable. The trader stated to SSESSMENTS.COM that the market direction is still hazy in the first trading day of the week, and there is only a limited number of news to guide the decision-making process. Moreover, most market players are in a wait-and-see stance as there is no strong factor to stimulate the market. As such, the offers are kept stable.
- Another Chinese trader reported to SSESSMENTS.COM that their local offers for PP Homo Raffia are also stable compared to the last Friday’s level. The current offers for PP Homo Raffia from their end are available at CNY7,800-8,000/ton ($1,101-1,129/ton) on cash, EXW China basis, and including 13% VAT.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 42.30 | August Settlement | 2.31 |
| NYMEX | 39.55 | July Settlement | 2.14 |
| Naphtha | 355 | CFR Japan | 18 |
| Ethylene | 708-714 | CFR NEA | No Changes |
| Ethylene | 677-685 | CFR SEA | No Changes |
| Propylene | 773-779 | CFR China | No Changes |
| Propylene | 733-739 | 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 | 7,427 | 7,375 | 7,350 |
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 | 7,750-8,000 | 7,800-8,000 |
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 | 810-830 | 810-830 |
Tags: Asia Pacific,China,Daily,English,NEA,PP
Published on June 8, 2020 2:44 PM (GMT+8)
Last Updated on June 8, 2020 3:14 PM (GMT+8)
