Search posts by:

Search posts by:

Newsletter successfully sent
Failed to send newletter

DailySSESSMENTS: SEA PP Price 21st May 2020

Author: SSESSMENTS

- An Indonesian converter reported to SSESSMENTS.COM that the company decided to purchase PP Homo Raffia cargoes from a local producer at IDR13,700,000/ton ($930/ton) on cash, FD Indonesia basis, and excluding 10% VAT with the number of purchase of 140 tons. The converter stated that the company’s monthly production needs for PP Homo Raffia decreased around 80-180 tons as the finished product demand has been affected by the Coronavirus pandemic. The converter added that there are still some orders coming in for flour packaging and harvest preparation. 

- A Thai trader commented to SSESSMENTS.COM following the upwards adjustment made by the local producers for PP Homo Raffia cargoes this week. The trader opined that the increases were made by the producer in order to stimulate the market sentiment. However, buyers’ buy idea for local PP Homo Raffia cargoes is still much lower compared to the offer level available this week.

Click below to view related stories and content on PP:

DailySSESSMENTS: SEA PP Price 20th May 2020

DailySSESSMENTS: China PP Price 20th May 2020

DailySSESSMENTS: China PP Price 21st May 2020

WeeklySSESSMENTS: SEA PP Prices Week Starting May 11

WeeklySSESSMENTS: China PP Prices Week Starting May 11

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent35.75July Settlement1.10
NYMEX33.49June Settlement1.53
Naphtha266CFR Japan7
Ethylene612-620CFR NEA9 to 11
Ethylene552-560CFR SEA14 to 16
Propylene768-774CFR ChinaNo Changes
Propylene718-724FOB KoreaNo Changes

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
IndonesiaIDR13,700,000-14,000,000930-950
Southeast AsiaIDR13,500,000917
MalaysiaMYR3,800*-3,850*873-884
PhilippinesPHP67,0001,180
ThailandTHB29,000-29,500910-925
VietnamVND22,000,000-23,500,000853-911
Saudi ArabiaVND24,000,000930
ThailandVND23,800,000-24,000,000923-930
Description: *Offers on 30 days credit term

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

OriginProductOffers (USD/ton)
Far East AsiaPP Homo Raffia850
Indian SubcontinentPP Homo Raffia800-820
Middle EastPP Homo Raffia780-840
Southeast AsiaPP Homo Raffia850-915

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

Published on May 21, 2020 12:01 PM (GMT+8)
Last Updated on May 21, 2020 12:01 PM (GMT+8)