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DailySSESSMENTS: SEA PP Price 5th May 2020

Author: SSESSMENTS

- A local trader in Indonesia informed SSESSMENTS.COM that in the local market, there is no offer for PP Homo Raffia at IDR12,200,000/ton-level ($807/ton) yet, citing that local producers in the country would not decrease the offers too much. However, the trader opined that PP Homo Raffia offers still have room to fall further due to the slow demand.

- Meanwhile, a local converter in Indonesia shared with SSESSMENTS.COM that three containers of PP cargoes of Vietnam origin will arrive at the company’s warehouse on May 8. As for the holiday, the converter stated that most of the company’s customers in Jakarta will start the holiday from next week until early June. However, at the converter’s end, no official announcement yet. More added, the converter opined that Custom Duty Borne by Government (BMDTP) facility will come out after Eid Al-Fitr holiday.

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WeeklySSESSMENTS: SEA PP Price W/C April 27

WeeklySSESSMENTS: China PP Price W/C April 27

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent27.2July Settlement0.76
NYMEX20.39June Settlement0.61
Naphtha217CFR Japan12
Ethylene-CFR NEANo Settlement*
Ethylene-CFR SEANo Settlement*
Propylene-CFR ChinaNo Settlement*
Propylene-FOB KoreaNo Settlement*
Description: *No settlement due to Labor Day holiday

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
IndonesiaIDR13,330,000881
MalaysiaMYR3,600-3,850*832-890
PhilippinesPHP67,0001,181
ThailandTHB27,500-28,500*846-877
VietnamVND21,000,000812
Description: *Offers on 30 days credit term

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

OriginProductOffers (USD/ton)
Middle EastPP Homo Raffia760-780
Southeast AsiaPP Homo Raffia790*-850
Description: *Offers on TT

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

Published on May 5, 2020 11:47 AM (GMT+8)
Last Updated on May 5, 2020 11:47 AM (GMT+8)