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DailySSESSMENTS: SEA PE Price 28th May 2020

Author: SSESSMENTS

- A Vietnamese trader informed SSESSMENTS.COM that LLDPE Film C4 offers from a Saudi PE producer increased by $70/ton on monthly comparison. Offers from the producer stood at $800/ton on LC at sight, CIF Vietnam main port basis. The trader submitted bids at $50/ton lower than the initial offer level, but the producer rejected the bids as the allocation is limited.

- A converter in Vietnam also received offers for LLDPE Film C4 at the same level from the same producer and placed orders. However, the allocation was already sold out. The converter further revealed to SSESSMENTS.COM that PE offers from the leading Saudi polyolefins producer increased significantly. Compared to last week, offers for HDPE Film went up by $70/ton, LDPE Film by $100/ton and LLDPE Film C4 by $80/ton. The converter only purchased HDPE Film and LDPE Film from the producer at the initial offer levels, at $840/ton and $960/ton on LC at sight, CIF Vietnam main port basis respectively. The converter perceived offers for LLDPE Film C4 from the producer at $850/ton with the same payment and delivery terms as too high, hence, was unwilling to purchase.

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ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent34.74July Settlement-1.43
NYMEX32.81July Settlement-1.54
Naphtha267CFR Japan-2
Ethylene718-724CFR NEA44 to 46
Ethylene637-645CFR SEA25
Propylene768-774CFR China-24 to -26
Propylene723-729FOB Korea-24 to -26

HDPE Film, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT and VND term includes 10% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR13,200,000893
Southeast AsiaIDR13,200,000893
MalaysiaMYR3,400*781
PhilippinesPHP50,000881
ThailandTHB28,500-29,500892-924
SaudiVND21,000,000-22,700,000815-880
Description: *Offers on 30 days credit term

LDPE Film, on cash/credit term, FD basis, excluding VAT (except VND term includes 10% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
MalaysiaIDR14,000,000947
MalaysiaMYR4,000*918
ThailandTHB33,000-34,0001,033-1,065
SaudiVND24,800,000-26,500,000962-1,028
ThailandVND26,000,0001,009
Description: *Offers on 30 days credit term

LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT and VND term includes 10% VAT, all equivalent in USD excludes VAT)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR12,700,000859
Southeast AsiaIDR12,700,000859
MalaysiaMYR3,500*804
PhilippinesPHP50,000881
ThailandTHB28,500-29,500892-924
South KoreaVND21,000,000-21,500,000815-834
Description: *Offers on 30 days credit term

Import on LC at sight, CIF Southeast Asia main port basis

OriginProductOffers (USD/ton)
Far East AsiaHDPE Film780
Middle EastHDPE Film780-840
Southeast AsiaHDPE Film840
Far East AsiaLDPE Film950
Middle EastLDPE Film880-960*
Southeast AsiaLDPE Film940
Far East AsiaLLDPE Film C4780
Middle EastLLDPE Film C4750-820*
Southeast AsiaLLDPE Film C4820
Description: *Shipped from Malaysia/Singapore

Tags: Asia Pacific,Daily,English,PE,SEA

Published on May 28, 2020 11:33 AM (GMT+8)
Last Updated on May 28, 2020 11:50 AM (GMT+8)