- The leading Philipines polyolefins producer informed SSESSMENTS.COM that the company has not been importing to Indonesia for the last few months, and at the moment, local PP Homo Raffia prices are quite high. On the production sector, the company’s naphtha cracker previously shut on March 31 due to a technical issue is expected to be back on-stream as scheduled, by April 15 or April 16.
- An Indonesian PP producer disclosed to SSESSMENTS.COM about their lower offers following the leading Indonesian polyolefins producer’s movement. Demand-wise, sales remain slow, but there are still some transactions this week. Some buyers placed bids for PP Homo Raffia at IDR13,000,000/ton ($828/ton) on 15 days term, FD Indonesia basis and excluding 10% VAT, but the producer is not willing to sell at that level as no sales pressure from their end due to maintenance shutdown at PP plant. Additionally, accepting such a low level will be disrupting the market trend.
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DailySSESSMENTS SEA PP Price 14th April 2020
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WeeklySSESSMENTS SEA PP Price W/C April 13
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| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 29.6 | June Settlement | -2.14 |
| NYMEX | 20.11 | May Settlement | -2.3 |
| Naphtha | 187 | CFR Japan | 3 |
| Ethylene | 438-444 | CFR NEA | No Changes |
| Ethylene | 383-389 | CFR SEA | No Changes |
| Propylene | 742-750 | CFR China | 39 to 41 |
| Propylene | 692-700 | FOB Korea | 39 to 41 |
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)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 13,900,000*-14,200,000 | 885-904 |
| Southeast Asia | IDR | 13,400,000*-13,900,000* | 854-885 |
| Malaysia | MYR | 3,600 | 831 |
| Philippines | PHP | 67,000 | 1,181 |
| Thailand | THB | 26,000-28,500 | 794-871 |
| Vietnam | VND | 23,000,000 | 886 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Indian Subcontinent | PP Homo Raffia | 780-820 |
| Middle East | PP Homo Raffia | 780-790 |
| Southeast Asia | PP Homo Raffia | 750-810 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on April 15, 2020 1:47 PM (GMT+8)
Last Updated on April 15, 2020 2:29 PM (GMT+8)
