- On April 23, the largest local trading house in Indonesia informed SSESSMENTS.COM that offers for local and localized Southeast Asian PP Homo Raffia cargoes from the company’s end were lowered by IDR200,000/ton ($13/ton) as compared to last week’s level. This week, demand for PP resins in the domestic market remains sluggish amid Coronavirus fears. Meanwhile, the trader itself is also adopting a wait-and-see position and not in the mood to ask more inquiries or receive offers from other suppliers.
- Whereas in Vietnam, a trader reported to SSESSMENTS.COM that local offers for PP Homo Raffia were mostly stable from a week earlier, available at VND23,000,000/ton ($975/ton) on cash, FD Vietnam basis and excluding 10% VAT. Following the crude oil prices slump in early this week, buyers are now unwilling to accept high prices. Demand is sluggish at the moment, but slightly better compared to a fortnight ago.
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DailySSESSMENTS: SEA PP Price 22nd April 2020
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WeeklySSESSMENTS: SEA PP Price W/C April 20
WeeklySSESSMENTS: China PP Price W/C April 20
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 20.37 | June Settlement | 1.04 |
| NYMEX | 13.78 | June Settlement | 2.21 |
| Naphtha | 199 | CFR Japan | 15 |
| Ethylene | 328-334 | CFR NEA | No Changes |
| Ethylene | 328-334 | CFR SEA | No Changes |
| Propylene | 653-659 | CFR China | No Changes |
| Propylene | 603-609 | FOB Korea | No 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)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 13,500,000-13,800,000* | 865-881 |
| Southeast Asia | IDR | 13,100,000-13,600,000** | 839-871 |
| Malaysia | MYR | 3,800*-3,850* | 867-879 |
| Philippines | PHP | 67,000 | 1,178 |
| Thailand | THB | 27,500-28,500 | 847-878 |
| Vietnam | VND | 23,000,000 | 886 |
Description: *Offers on 30 days credit term **Offers on 15 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| China | PP Homo Raffia | 820 |
| 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 23, 2020 12:47 PM (GMT+8)
Last Updated on April 23, 2020 12:47 PM (GMT+8)
