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DailySSESSMENTS: SEA PP Price 11th May 2020

Author: SSESSMENTS

- For the week commencing May 11, market sources reported to SSESSMENTS.COM that the leading Indonesian polyolefins producer decided to increase the offers for PP Homo Raffia. Compared to the price list announced in the previous week, the offers for PP Homo Raffia are IDR110,000/ton ($7/ton) higher.  

- A global trading house informed SSESSMENTS.COM that last week, the import offers for PP Homo Raffia of Middle East origin to Vietnam market increased by $40/ton from a week earlier and deals were concluded at the initial offer level at $840/ton on LC at sight, CIF Vietnam Main Port basis.

Click below to view related stories and content on PP:

DailySSESSMENTS: SEA PP Price 8th May 2020

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WeeklySSESSMENTS: SEA PP Prices W/C May 4

WeeklySSESSMENTS: China PP Prices W/C May 4

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent30.97July Settlement1.51
NYMEX24.74June Settlement1.19
Naphtha252CFR Japan11
Ethylene452-460CFR NEA40
Ethylene432-440CFR SEA35
Propylene722-730CFR China25
Propylene677-685FOB Korea30

PP Homo Raffia 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
IndonesiaIDR13,440,000899
MalaysiaMYR3,800*-3,850*876-888
PhilippinesPHP67,0001,184
ThailandTHB27,250-28,500844-883
VietnamVND21,500,000-22,500,000833-872
Description: *Offers on 30 days credit term

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

OriginProductOffers (USD/ton)
Middle EastPP Homo Raffia810-840
Southeast AsiaPP Homo Raffia860

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

Published on May 11, 2020 12:28 PM (GMT+8)
Last Updated on May 11, 2020 12:28 PM (GMT+8)