- A trader informed SSESSMENTS.COM that the offers for local PP Homo Raffia cargoes from the trader’s end were trimmed by CNY100/ton ($14/ton) from last week. At the moment, the offers at CNY8,000/ton-level is no longer available in the East China market unless for special grades. While from the import market, the trader received offers for Russian PP Homo Raffia cargoes at $860-870/ton on LC at sight, CIF China Main Port basis. However, the offers are deemed too high and the trader did not proceed with procurements.
- Another trader reported to SSESSMENTS.COM that the local offers for PP Homo Raffia from the company’s end were also adjusted lower. Compared to Monday’s level, local offers for PP Homo Raffia dropped by CNY100/ton ($14/ton).
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 40.80 | August Settlement | -1.50 |
| NYMEX | 38.19 | July Settlement | -1.36 |
| Naphtha | 346 | CFR Japan | -9 |
| 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 | 7,347 | 7,350 | 7,372 |
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 | 7,800-8,000 | 7,700-7,900 |
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 9, 2020 2:53 PM (GMT+8)
Last Updated on June 9, 2020 2:53 PM (GMT+8)
