- A trader in Vietnam revealed to SSESSMENTS.COM that import HDPE Film of Saudi origin and LLDPE Film C4 of Saudi and India origin remained unchanged from last week’s level. Offers for import Saudi HDPE Film available at $910/ton. While for LLDPE Film C4, the offers for Saudi origin stand at $910/ton and $850/ton for Indian cargoes. All import offers are on LC at sight, CIF Vietnam main port basis. Further added by the trader, offers and demand for PE in the country is rather limited this week. Buyers prefer to wait to observe the sustainability of the uptrend on PE prices in China after seeing the increases of LLDPE futures market. Buying sentiment would start to improve if the uptrend lasts for some time. Moreover, the rainy season also dampens buying appetite. On the supply front, delayed shipment reported for India Haldia’s PE cargoes. The cargoes were supposed to arrive in June, however, delayed for a month.
- Whereas in Indonesia, a woven bag manufacturer in Medan informed SSESSMENTS.COM that allocation for localized HDPE Film of Southeast Asia origin from the biggest local trading house in the country remains tight to the Medan market. The trader has no offers for HDPE Film. For localized LLDPE Film C4 of Southeast Asia origin, the offers from the trader’s end increased by IDR550,000/ton ($38/ton) as compared to last week’s level. Further added, the converter has no intention to procure materials on the back of sufficient inventory on hand. Demand-wise, demand for the converter’s end product is still ongoing in Medan. While looking to the end of the year, the converter foresees that demand will only reach 75-80% from the usual due to the pandemic issues.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 43.08 | September Settlement | -0.02 |
| NYMEX | 40.62 | August Settlement | -0.01 |
| Naphtha | 395 | CFR Japan | 1 |
| Ethylene | 837-845 | CFR NEA | -9 to -11 |
| Ethylene | 767-775 | CFR SEA | -9 to -11 |
| Propylene | 812-820 | CFR China | 5 |
| Propylene | 762-770 | FOB Korea | 5 |
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 | 14,300,000-14,600,000 | 991-1,012 |
| Malaysia | IDR | 14,500,000 | 1,005 |
| Southeast Asia | IDR | 14,600,000* | 1,012 |
| Thailand | IDR | 13,900,000-14,500,000 | 963-1,005 |
| Malaysia | MYR | 3,900*-3,960* | 912-926 |
| Philippines | PHP | 56,000 | 1,009 |
| Thailand | THB | 30,000-31,000 | 961-993 |
Description: *Offers on 30 days credit term
LDPE Film, on cash/credit term, FD basis, excluding VAT
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Malaysia | IDR | 15,000,000*-15,200,000 | 1,039-1,053 |
| Thailand | IDR | 14,200,000-15,000,000 | 984-1,039 |
| Malaysia | MYR | 4,390*-4,530* | 1,026-1,059 |
| Thailand | THB | 33,500*-34,000 | 1,073-1,089 |
| Malaysia | THB | 32,500 | 1,041 |
Description: *Offers on 30 days credit term
LLDPE Film C4, on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT, VND includes 10% VAT, all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 14,300,000-15,000,000* | 991-1,039 |
| Malaysia | IDR | 14,500,000 | 1,005 |
| Southeast Asia | IDR | 14,800,000-15,450,000* | 1,026-1,071 |
| Thailand | IDR | 13,900,000-14,800,000 | 963-1,026 |
| USA | IDR | 14,400,000 | 998 |
| Malaysia | MYR | 3,920*-4,270* | 917-998 |
| Philippines | PHP | 55,000 | 991 |
| Thailand | THB | 30,000-31,000 | 961-993 |
| Saudi | VND | 23,500,000-24,000,000 | 917-936 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Far East Asia | HDPE Film | 900 |
| Middle East | HDPE Film | 880-920* |
| North America | HDPE Film | 920*-930 |
| Southeast Asia | HDPE Film | 900 |
| Middle East | LDPE Film | 960 |
| Southeast Asia | LDPE Film | 920-980 |
| Indian Subcontinent | LLDPE Film C4 | 850 |
| Middle East | LLDPE Film C4 | 850-920 |
| North America | LLDPE Film C4 | 820-880* |
| Southeast Asia | LLDPE Film C4 | 850-920 |
Description: *shipment from Singapore/Malaysia
Tags: Asia Pacific,Daily,English,PE,SEA
Published on July 8, 2020 12:02 PM (GMT+8)
Last Updated on July 8, 2020 12:02 PM (GMT+8)
