- An Indonesian trader revealed to SSESSMENTS.COM that import offers for Middle Eastern cargoes surfaced with a decline of $20/ton for PE across all grades. At the moment, offers for Middle Eastern HDPE Film cargoes stand between $810-820/ton and $920/ton for LDPE Film. For LLDPE Film C4, the trader received offers at $810/ton and offering to customers at $820-830/ton. All offers on LC at sight, CIF Indonesia main port basis.
- A producer source informed SSESSMENTS.COM that Philippines’ JG Summit is running all the plants at maximum capacity at the moment. Despite the government has announced partial lockdown in the Philippines, it did not affect the production activities on the company’s end so far. However, some workers reported working from home.
*Offers on 30 days credit term
*Offers on 30 days credit term
**Offers on 15 days credit term
*Offers on 30 days credit term
| Product | Price (USD) | Terms | "Changes From |
|---|
| Previous Trading Day (USD)" | | | |
| Brent | 27.03 | May Settlement | 0.05 |
| NYMEX | 23.36 | May Settlement | 0.73 |
| Naphtha | 284 | CFR Japan | -8 |
| Ethylene | 547-555 | CFR NEA | -39 to -41 |
| Ethylene | 528-534 | CFR SEA | No Changes |
| Propylene | 703-709 | CFR China | No Changes |
| Propylene | 693-699 | FOB Korea | No Changes |
HDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 14,060,000-15,200,000 | 845-914 |
| Malaysia | MYR | 3,750*-3,860* | 844-869 |
| Philippines | PHP | 59,000-60,000 | 1,025-1,043 |
| Thailand | THB | 29,500-30,500 | 896-926 |
LDPE Film, on cash/credit term, FD basis, excluding VAT
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Malaysia | MYR | 4,450*-4,570* | 1,002-1,029 |
| Thailand | THB | 34,000-34,500** | 1,032-1,047 |
LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 13,400,000-14,800,000 | 805-889 |
| Malaysia | MYR | 3,800* | 855 |
| Philippines | PHP | 59,000 | 1,025 |
| Thailand | THB | 29,500-31,000 | 896-941 |
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | HDPE Film | 810-820 |
| Southeast Asia | HDPE Film | 880 |
| Middle East | LDPE Film | 920 |
| Southeast Asia | LDPE Film | 980 |
| Middle East | LLDPE Film C4 | 810-840 |
| Southeast Asia | LLDPE Film C4 | 840-860 |
Tags: Daily,English,PE,SEA
Published on March 24, 2020 12:41 PM (GMT+8)
Last Updated on March 24, 2020 12:47 PM (GMT+8)
