- A global trading house informed SSESSMENTS.COM that import Saudi PP Homo Raffia offers to Indonesia market increased by $40/ton compared to a fortnight ago, available at $990/ton on LC at sight, CIF Indonesia main port basis. However, the trader only managed to sell at $30/ton lower than the initial offer level.
- While in Vietnam, a converter revealed to SSESSMENTS.COM that the company has received September shipment offers from a Saudi PP producer with the last shipment will be on September 25, 2020. Compared to the price list received on July 1, PP Homo Raffia offers from the producer increased by $10/ton, currently stand at $950/ton on LC at sight, CIF Ho Chi Minh Port.
| Product | Price (USD) | Terms | Changes From Previous Trading Day (USD) |
|---|
| Brent | 43.22 | September Settlement | -0.19 |
| NYMEX | 41.04 | September Settlement | -0.56 |
| Naphtha | 393 | CFR Japan | No Changes |
| Ethylene | 798-804 | CFR NEA | No Changes |
| Ethylene | 712-720 | CFR SEA | No Changes |
| Propylene | 818-824 | CFR China | -5 |
| Propylene | 778-784 | FOB Korea | -5 |
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 | 14,800,000*-15,250,000 | 1,015-1,046 |
| Malaysia | IDR | 14,800,000 | 1,015 |
| Malaysia | MYR | 4,600*-4,650* | 1,082-1,093 |
| Philippines | PHP | 64,000-65,000 | 1,161-1,179 |
| Thailand | THB | 33,500-35,000* | 1,062-1,110 |
| China | VND | 25,600,000** | 1,002 |
| India | VND | 25,600,000** | 1,002 |
| Saudi | VND | 26,200,000**-26,800,000 | 1,026-1,049 |
| Vietnam | VND | 24,420,000 | 956 |
Description: *Offers on 30 days credit term **Offers on EXW basis
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Far East Asia | PP Homo Raffia | 960 |
| Indian Subcontinent | PP Homo Raffia | 940 |
| Middle East | PP Homo Raffia | 950-990 |
| Southeast Asia | PP Homo Raffia | 990-1,050 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on July 29, 2020 11:41 AM (GMT+8)
Last Updated on July 29, 2020 11:41 AM (GMT+8)
