- A Vietnamese trader contacted by SSESSMENTS.COM informed that PP Homo Raffia offers from local producers’ end have increased between VND200,000-400,000/ton ($9-17/ton) compared to last week’s level. In the import market, Saudi PP Homo Raffia cargoes increased by $20/ton from last week’s level. While for Southeast Asian cargoes, offers for PP Homo Raffia of Thailand origin at $940/ton on LC at sight, CIF Vietnam main port basis was deemed too high. As such, the trader opined that no buyers would be willing to take the cargoes.
- The leading Indian petrochemical producer informed SSESSMENTS.COM pertaining to the allocation of materials. According to the producer source, as the Indian government announced some relaxations on the lockdown in these last two weeks, most factories in the country are back in operation. At the moment, 60% of PP production is allocated to the domestic market, and the rest is for the export market. Earlier, when India has just started announcing the lockdown, the producer had to push 75% of the allocation to the export market.
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DailySSESSMENTS: SEA PP Price 26th May 2020
DailySSESSMENTS: China PP Price 26th May 2020
DailySSESSMENTS: China PP Price 27th May 2020
WeeklySSESSMENTS: SEA PP Prices Week Starting May 18
WeeklySSESSMENTS: China PP Prices Week Starting May 18
Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
Brent | 36.17 | July Settlement | 1.04 |
NYMEX | 34.35 | July Settlement | 1.10 |
Naphtha | 269 | CFR Japan | No Comparison* |
Ethylene | 672-680 | CFR NEA | No Changes |
Ethylene | 612-620 | CFR SEA | No Changes |
Propylene | 792-800 | CFR China | No Changes |
Propylene | 747-755 | FOB Korea | No Changes |
Description: *No settlement in the previous day due to Memorial Day
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 | 14,200,000 | 962 |
Southeast Asia | IDR | 14,200,000 | 962 |
Malaysia | MYR | 3,800*-3,850* | 870-882 |
Philippines | PHP | 67,000 | 1,183 |
Thailand | THB | 29,500 | 924 |
Vietnam | VND | 23,000,000-24,300,000 | 893-943 |
Saudi | VND | 23,000,000-23,500,000 | 893-912 |
Description: *Offers on 30 days credit term
Import on LC at sight, CIF Southeast Asia main port basis
Origin | Product | Offers (USD/ton) |
Middle East | PP Homo Raffia | 860 |
Southeast Asia | PP Homo Raffia | 940 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on May 27, 2020 11:20 AM (GMT+8)
Last Updated on May 27, 2020 11:20 AM (GMT+8)