- An Indonesian PP producer informed SSESSMENTS.COM that the producer’s offers for PP Homo Raffia to the local market were adjusted down by IDR310,000/ton ($20/ton) as compared to last week. The producer stated that the domestic market remains flat at the moment, and healthy demand is only seen for PP Fiber.
- Whereas in Thailand, a distributor reported to SSESSMENTS.COM that the latest offers for PP Homo Raffia from a local producer are kept stable from last week at THB27,500/ton ($844/ton) on cash, FD Thailand basis, and excluding 7% VAT. The offers are kept stable as the producer claimed that the company managed to sell a lot of quantities to China market last week. For this week, the distributor decided to skip offering to the Vietnam market as the sentiment is deteriorated following crude oil prices crashed below zero by April 20 settlement. In the domestic market, most buyers prefer the sidelines position as well.
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WeeklySSESSMENTS: China PP Price W/C April 13
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 19.33 | June Settlement | -6.24 |
| NYMEX | 10.01 | May Settlement | 47.64 |
| Naphtha | 184 | CFR Japan | -12 |
| Ethylene | 328-334 | CFR NEA | -54 to -56 |
| Ethylene | 328-334 | CFR SEA | -14 to -16 |
| Propylene | 653-659 | CFR China | -9 to -11 |
| Propylene | 603-609 | FOB Korea | -9 to-11 |
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 | 13,500,000-13,750,000 | 862-878 |
| Southeast Asia | IDR | 13,100,000-13,450,000* | 837-859 |
| Malaysia | MYR | 3,800*-3,850* | 865-876 |
| Philippines | PHP | 67,000 | 1,176 |
| Thailand | THB | 27,500-28,500 | 844-875 |
| Vietnam | VND | 23,000,000 | 888 |
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 | PP Homo Raffia | 790-810 |
| Middle East | PP Homo Raffia | 820-900 |
| Southeast Asia | PP Homo Raffia | 800-870 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on April 22, 2020 12:24 PM (GMT+8)
Last Updated on April 22, 2020 2:19 PM (GMT+8)
