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DailySSESSMENTS: SEA PP Price 6th July 2020

Author: SSESSMENTS

- Market sources in Indonesia revealed to SSESSMENTS.COM that the leading polyolefins producer in the country has announced a fresh price list for the week commencing July 6. As informed, the producer opted to roll over local offers for PP Homo Raffia as compared to previous price list announced on July 3. Current offers are available at IDR15,350,000/ton ($1,055/ton) on cash, FD Indonesia basis and excluding 10% VAT.

- Whereas in Vietnam, a converter reported to SSESSMENTS.COM that last week, the company received offers for local PP Homo Raffia cargoes at VND26,200,000/ton ($1,125/ton) on cash, FD Vietnam basis and including 10% VAT. Demand-wise, the converter said that sales from the company's end remain satisfactory despite the country is in the grip of a withering cold spell amid the rainy season.

ProductPrice (USD)TermsChanges From Previous Trading Day (USD)
Brent42.90September Settlement0.23
NYMEX-August SettlementNo Settlement*
Naphtha-CFR JapanNo Settlement*
Ethylene877-885CFR NEANo Changes
Ethylene787-795CFR SEANo Changes
Propylene807-815CFR China5
Propylene757-765FOB Korea5
Description: *No settlement due to U.S Independence 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)

OriginCurrencyOffers/tonEquivalent in USD/ton
IndonesiaIDR15,350,0001,055
MalaysiaMYR4,400*-4,450*1,026-1,037
PhilippinesPHP64,0001,152
ThailandTHB35,000-36,0001,122-1,154
VietnamVND23,760,000-26,300,0001,020-1,027
Description: *Offers on 30 days credit term

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

OriginProductOffers (USD/ton)
Middle EastPP Homo Raffia930-980
Southeast AsiaPP Homo Raffia980-1,030

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

Published on July 6, 2020 11:55 AM (GMT+8)
Last Updated on July 6, 2020 11:55 AM (GMT+8)