monthlyssessments-april-china-pe-prices

Based on the data collected by SSESSMENTS.COM, local and import PE prices in the China market fluctuated significantly during April. On the week commencing April 6, the stronger PE prices in the futures market sparked upward adjustment on HDPE Film offers by CNY300/ton ($42/ton), HDPE Pipe (PE 100) by CNY500/ton ($70/ton) and LLDPE Film C4 by CNY600/ton ($85/ton). The uptrend did not last for a long time due to the lack of supporting factors. In the upcoming week, all grades of PE edged down between CNY200-300/ton ($28-42/ton). Further reductions captured on the week commencing April 20. The plunge in crude oil prices dragged down all offers for PE grades between CNY200-300/ton ($28-42/ton). On April 22, LLDPE Film C4 prices in the futures market as well as spot market broke CNY6,000/ton ($845/ton) level. The lowest offers for LLDPE Film C4 in the spot market were captured at CNY5,800/ton ($817/ton) on cash, EXW East China and including 13% VAT. As for futures prices, September 2020 LLDPE futures prices on Dalian Commodity Exchange settled at CNY5,715/ton ($805/ton), decreased by CNY525/ton ($74/ton) compared to the settlement on Friday, April 17. However, in the following week, PE offers across all grades surged between CNY50-200/ton ($7-28/ton) as supported by the increment in the futures market.

Import PE offers moved into two directions on the week commencing April 6. Thai HDPE Film cargoes increased between $25-35/ton, $20-25/ton for LDPE Film, and between $40-50/ton for LLDPE Film C4. Likewise, offers from the leading Saudi polyolefins producer were adjusted up by $60/ton. Meanwhile, PE cargoes of Iran origin dropped between $40-70/ton while Qatari origin edged down by $40/ton. In the following week, a Thai PE producer increased the offers by $150/ton for HDPE Film and by $80/ton for LLDPE Film C4. However, due to the cold response from buyers, a day later, the producer adjusted down the offers for HDPE Film and LLDPE Film C4 by $20/ton and $30/ton, respectively. The downtrend persisted until the week commencing April 20. The Thai PE producer reduced the offers for HDPE Film by $120/ton, HDPE Yarn by $60/ton, LDPE Film by $20/ton and $5/ton for LLDPE Film C4. For Saudi origin, offers for HDPE Film and LLDPE Film C4 were down by $40/ton and $20/ton respectively. In the last week of the month, Thai and South Korean HDPE Film cargoes increased by $20/ton and $30/ton respectively. Likewise, Thai and US LLDPE Film C4 cargoes were up by $30/ton and $20/ton. In contrast, SSESSMENTS.COM noted that offers for HDPE Film from a Middle Eastern PE producer dropped by $10/ton. All price changes are on a weekly comparison.

Bullish buying sentiment observed on the week commencing April 6. Stronger PE prices in the futures market on the week commencing April 6 made hedgers aggressively taking some materials as sales were better. Likewise, the increases in the futures market were also led to bullish buying sentiment on the week commencing April 27. However, as of Wednesday, April 29, China market was on mute as buyers were already in a holiday mood, SSESSMENTS.COM was told. On the supply front, market talks have it that supply for LDPE Film of Qatar origin was limited within the week commencing April 20 as the producer was having technical issues at their plant.

Looking into May, some market players believe that PE prices will move lower as more and more import cargoes from various origins enter the China market. Besides, demand from the downstream market is predicted to remain on the soft note as buyers prefer to wait on the sidelines, as stated to SSESSMENTS.COM. Meanwhile, some others believe that local and import PE prices will be stable onwards as crude oil prices have started to rebound.

Transaction for local/localized PE between April 1 to April 3 on cash, EXW China basis (including 13% VAT in CNY term, excluding VAT in USD term)

Origin	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton
China	HDPE Blow Moulding	Price List	6,400-6,700	801-838
China	HDPE Film	Price List	6,800-6,900	851-863
China	HDPE Film	Offer Given	6,400-6,800	801-851
Taiwan	HDPE Film	Offer Given	7,000-7,100	876-888
China	HDPE Pipe (PE 100)	Price List	7,000-7,250	876-907
China	HDPE Yarn	Price List	6,400-6,700	801-838
China	HDPE Yarn	Offer Given	6,600	826
China	LDPE Film	Price List	6,900-7,300	863-913
China	LDPE Film	Offer Given	6,800-7,150	851-894
China	LLDPE Film C4	Offer Given	5,600-6,100	700-763
China	LLDPE Film C4	Price List	5,950-6,150	744-769

Transaction for import PE between April 1 to April 3 on LC at sight, CIF China Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Far East Asia	HDPE Film	Offer Received	650
Middle East	HDPE Film	Offer Received	640
Middle East	HDPE Film	Sold	640
Southeast Asia	HDPE Film	Offer Given	790-800
Southeast Asia	HDPE Film	Offer Received	795
Southeast Asia	HDPE Film	Purchased	645
Southeast Asia	HDPE Yarn	Offer Received	735
Middle East	LDPE Film	Offer Given	800-820
North America	LDPE Film	Offer Received	890
North America	LDPE Film	Buy Idea	600
Southeast Asia	LDPE Film	Offer Given	800-810
Middle East	LLDPE Film C4	Offer Given	670
Middle East	LLDPE Film C4	Offer Received	700
Middle East	LLDPE Film C4	Sold	650
Middle East	LLDPE Film C4	Sell Idea	650
Middle East	LLDPE Film C4	Buy Idea	600-630
Southeast Asia	LLDPE Film C4	Offer Given	720

Transaction for local/localized PE April 6 to April 10 on cash, EXW China basis (including 13% VAT in CNY term, excluding VAT in USD term)

Origin	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton
China	HDPE Blow Moulding	Price List	6,600-7,100	826-888
China	HDPE Film	Price List	7,000-7,600	876-951
China	HDPE Film	Offer Given	7,400-7,500	926-938
Middle East	HDPE Film	Offer Given	7,400-7,500	926-938
Taiwan	HDPE Film	Offer Given	7,250	907
Thailand	HDPE Film	Offer Given	7,350	919
China	HDPE Pipe (PE 100)	Price List	7,300-7,500	913-938
China	HDPE Yarn	Price List	6,500-6,800	813-851
China	LDPE Film	Price List	7,000-7,600	876-951
China	LDPE Film	Offer Given	7,500-7,600	938-951
Malaysia	LDPE Film	Offer Given	7,250-7,550	907-944
Middle East	LDPE Film	Offer Given	7,500-7,600	938-951
Qatar	LDPE Film	Offer Given	7,500	938
China	LDPE Film (CTO)	Sold	7,100-7,300	888-913
China	LLDPE Film C4	Offer Given	6,200-6,650	766-832
China	LLDPE Film C4	Price List	6,450-6,700	807-838
Saudi Arabia	LLDPE Film C4	Offer Given	6,500-6,550	813-819
China	LLDPE Film C4 (CTO)	Sold	6,215	777
China	mLLDPE C6	Offer Given	7,200-7,800	901-976
Indonesia	mLLDPE C6	Offer Given	6,700-6,800	838-851

Transaction for import PE between April 6 to April 10 on LC at sight, China Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Payment Term
Central Asia	HDPE Blow Moulding	Offer Received	650	TT
Middle East	HDPE Blow Moulding	Offer Given	760*	LC at sight
Central Asia	HDPE Film	Offer Received	680-710	TT
Middle East	HDPE Film	Offer Received	720-730	LC at sight
Middle East	HDPE Film	Purchased	730	LC at sight
Middle East	HDPE Film	Offer Given	780	LC at sight
Southeast Asia	HDPE Film	Offer Given	810-820	LC at sight
Southeast Asia	HDPE Film	Offer Received	825	LC at sight
Southeast Asia	HDPE Film	Sold	800-810	LC at sight
Middle East	HDPE Pipe (PE 100)	Sell Idea	990	LC at sight
Central Asia	LDPE Film	Offer Received	700	TT
Middle East	LDPE Film	Offer Received	770-780	LC at sight
Middle East	LDPE Film	Purchased	770	LC at sight
Southeast Asia	LDPE Film	Offer Given	820-825	LC at sight
Southeast Asia	LDPE Film	Offer Received	825	LC at sight
Southeast Asia	LDPE Film	Sold	820-825	LC at sight
Central Asia	LLDPE Film C4	Offer Received	650	TT
Indian Subcontinent	LLDPE Film C4	Offer Received	670	LC at sight
Middle East	LLDPE Film C4	Offer Given	730-770*	LC at sight
Middle East	LLDPE Film C4	Offer Received	690-730	LC at sight
Middle East	LLDPE Film C4	Purchased	690-730	LC at sight
North America	LLDPE Film C4	Offer Received	710	LC at sight
Southeast Asia	LLDPE Film C4	Offer Given	770	LC at sight
Southeast Asia	LLDPE Film C4	Offer Received	770-780	LC at sight
Southeast Asia	LLDPE Film C4	Sold	760-770	LC at sight
Southeast Asia	mLLDPE C6	Offer Received	850	LC at sight

Description: *Shipment from Singapore

Transaction for local/localized PE between April 13 to April 17 on cash, EXW China basis (including 13% VAT in CNY term, excluding VAT in USD term)

Origin	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton
China	HDPE Blow Moulding	Price List	7,100-7,400	888-926
China	HDPE Film	Price List	7,600-7,900	951-988
China	HDPE Film	Offer Given	7,400-8,000	926-1,000
Indonesia	HDPE Film	Offer Received	7,200	901
Malaysia	HDPE Film	Offer Given	7,400	926
Middle East	HDPE Film	Offer Given	7,200-7,400	901-926
Russia	HDPE Film	Offer Received	7,300	913
South Korea	HDPE Film	Offer Given	7,550	944
South Korea	HDPE Film	Offer Received	7,400	926
China	HDPE Pipe (PE 100)	Price List	8,000-8,300	1,000-1,038
Taiwan	HDPE Pipe (PE 100)	Offer Given	8,250-8,300	1,032-1,038
China	HDPE Yarn	Offer Given	7,300	913
China	HDPE Yarn	Price List	7,300-7,500	913-938
South Korea	HDPE Yarn	Offer Given	7,700	963
China	LDPE Film	Offer Given	7,700-8,200	963-1,026
China	LDPE Film	Price List	7,700-8,100	963-1,013
Saudi	LDPE Film	Offer Given	8,000	1,000
China	LLDPE Film C4	Offer Given	6,800-7,400	851-926
China	LLDPE Film C4	Price List	7,100-7,500	888-938

Transaction for import PE between April 13 to April 17 on LC at sight, CIF China Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Central Asia	HDPE Blow Moulding	Offer Received	715-720*
North America	HDPE Blow Moulding	Sold	730
Central Asia	HDPE Film	Offer Received	720-730
Far East Asia	HDPE Film	Sold	780
Middle East	HDPE Film	Offer Received	770-780
Southeast Asia	HDPE Film	Offer Given	930-950
Southeast Asia	HDPE Film	Offer Received	960
North America	HDPE Film	Offer Received	725
North America	HDPE Film	Sold	750
Southeast Asia	HDPE Pipe (PE 100)	Offer Given	890
Far East Asia	HDPE Yarn	Sold	770
Southeast Asia	HDPE Yarn	Offer Given	830-890
Central Asia	LDPE Film	Offer Received	790-800
Middle East	LDPE Film	Offer Received	820
Southeast Asia	LDPE Film	Offer Received	900
Southeast Asia	LDPE Film	Offer Given	880
Central Asia	LLDPE Film C4	Offer Received	720-730
Central Asia	LLDPE Film C4	Buy Idea	670
Middle East	LLDPE Film C4	Offer Received	720-780
Middle East	LLDPE Film C4	Buy Idea	650
North America	LLDPE Film C4	Sold	680-720
Southeast Asia	LLDPE Film C4	Offer Received	790-850
Southeast Asia	LLDPE Film C4	Offer Given	820-850

Description: *Offers on TT basis

Transaction for local/localized PE between April 20 to April 24 on cash, EXW China basis (including 13% VAT in CNY term, excluding VAT in USD term)

Origin	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton
China	HDPE Blow Moulding	Price List	6,800-7,100	851-888
China	HDPE Film	Price List	7,100-7,600	888-951
South Korea	HDPE Film	Offer Given	7,100-7,200	888-901
China	HDPE Pipe (PE 100)	Price List	8,100-8,300	1,013-1,038
China	HDPE Yarn	Price List	6,700-7,100	838-888
China	LDPE Film	Price List	6,800-7,200	851-901
China	LLDPE Film C4	Offer Given	5,800-6,300	726-788
China	LLDPE Film C4	Price List	6,000-6,500	751-813
Saudi	LLDPE Film C4	Offer Given	6,700-7,000	838-876

Transaction for import PE between April 20 to April 24 on LC at sight, CIF China Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
North America	HDPE Blow Moulding	Sold	705-710
Far East Asia	HDPE Film	Bid Given	710
Far East Asia	HDPE Film	Offer Received	760
Far East Asia	HDPE Film	Offer Given	720
Far East Asia	HDPE Film	Sold	700-710
Middle East	HDPE Film	Offer Received	700-760
Middle East	HDPE Film	Offer Given	820
North America	HDPE Film	Sold	700-705
Southeast Asia	HDPE Film	Offer Given	780-810
Southeast Asia	HDPE Film	Offer Received	780
Southeast Asia	HDPE Film	Sold	780
Indian Subcontinent	HDPE Yarn	Sold	750
Southeast Asia	HDPE Yarn	Offer Given	790
Indian Subcontinent	LDPE Film	Offer Received	760-800
Middle East	LDPE Film	Offer Received	800-850
Southeast Asia	LDPE Film	Offer Received	800-810
Southeast Asia	LDPE Film	Offer Given	810-860
Far East Asia	LLDPE Film C4	Offer Received	730
Far East Asia	LLDPE Film C4	Bid Given	680
Indian Subcontinent	LLDPE Film C4	Offer Received	670
Middle East	LLDPE Film C4	Offer Given	780
Middle East	LLDPE Film C4	Offer Received	710-780
North America	LLDPE Film C4	Offer Given	650-670
North America	LLDPE Film C4	Bid Given	580-600
North America	LLDPE Film C4	Sold	630
Southeast Asia	LLDPE Film C4	Offer Received	730-770
Southeast Asia	LLDPE Film C4	Sold	730-770
Southeast Asia	LLDPE Film C4	Purchased	680
North America	LLDPE Film C4	Offer Given	650-670
North America	LLDPE Film C4	Bid Given	580-600
North America	LLDPE Film C4	Sold	630

Transaction for local/localized PE between April 27 to April 30 on cash, EXW China basis (including 13% VAT in CNY term, excluding VAT in USD term)

Origin	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton
China	HDPE Blow Moulding	Price List	6,800	851
Serbia	HDPE Blow Moulding	Offer Received	6,650*	832
China	HDPE Film	Price List	7,200	901
China	HDPE Film	Offer Given	7,100-7,300	888-913
Iran	HDPE Film	Offer Given	6,800-7,100	851-888
Malaysia	HDPE Film	Offer Given	6,500	813
Russia	HDPE Film	Offer Given	6,450	807
Ukraine	HDPE Film	Offer Received	6,650*	832
China	HDPE Pipe (PE 100)	Price List	8,100	1,013
Europe	HDPE Pipe (PE 100)	Offer Received	7,650*	957
China	HDPE Yarn	Price List	6,900	863
China	LDPE Film	Price List	7,000-7,450	876-932
China	LDPE Film	Offer Given	7,100-7,300	888-913
Malaysia	LDPE Film	Offer Given	7,200	901
Saudi	LDPE Film	Offer Given	7,400	926
China	LLDPE Film C4	Offer Given	6,300-6,550	788-819
China	LLDPE Film C4	Price List	6,400-6,650	801-832
Iran	LLDPE Film C4	Offer Given	6,400	801

Description: *Offers on TT basis

Transaction for import PE PVC between April 27 to April 30 on, CIF China Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Payment Term
Central Asia	HDPE Blow Moulding	Offer Received	690-700	LC at sight
North America	HDPE Blow Moulding	Sold	700-710	LC 90 Days
North America	HDPE Blow Moulding	Sold	700-710	LC at sight
Central Asia	HDPE Film	Offer Received	700-710*	LC at sight
Far East Asia	HDPE Film	Offer Given	750	LC 90 Days
Far East Asia	HDPE Film	Sold	740	LC 90 Days
Europe	HDPE Film	Sold	680	LC at sight
Middle East	HDPE Film	Offer Given	730-760	LC at sight
Middle East	HDPE Film	Offer Received	800	LC at sight
Middle East	HDPE Film	Bid Given	710	LC at sight
North America	HDPE Film	Offer Given	710-730	LC 90 Days
North America	HDPE Film	Offer Received	710	LC at sight
North America	HDPE Film	Sold	700-710	LC 90 Days
North America	HDPE Film	Sold	700-710	LC at sight
Southeast Asia	HDPE Film	Offer Given	800-810	LC at sight
Southeast Asia	HDPE Film	Offer Received	820-830	LC at sight
Southeast Asia	HDPE Film	Bid Given	700	LC at sight
Southeast Asia	HDPE Film	Sold	800	LC at sight
Indian Subcontinent	HDPE Yarn	Offer Given	750	LC at sight
Southeast Asia	HDPE Yarn	Offer Given	780-790	LC at sight
Central Asia	LDPE Film	Offer Received	780-790	LC at sight
Middle East	LDPE Film	Offer Given	770-800	LC at sight
Southeast Asia	LDPE Film	Offer Given	810-830	LC at sight
Central Asia	LLDPE Film C4	Offer Received	680-690	LC at sight
Central Asia	LLDPE Film C4	Bid Given	700	LC at sight
Indian Subcontinent	LLDPE Film C4	Purchased	670-690	LC at sight
Indian Subcontinent	LLDPE Film C4	Sold	690	LC at sight
Middle East	LLDPE Film C4	Offer Given	690-720	LC at sight
North America	LLDPE Film C4	Offer Received	700	LC at sight
North America	LLDPE Film C4	Sold	680	LC at sight
Southeast Asia	LLDPE Film C4	Offer Given	770	LC at sight
Southeast Asia	LLDPE Film C4	Offer Received	820-830	LC at sight
Southeast Asia	LLDPE Film C4	Bid Given	700	LC at sight
Southeast Asia	mLLDPE C6	Offer Given	890	LC at sight

Description: *Offers on TT basis

MonthlySSESSMENTS: April China PE Prices

Author: SSESSMENTS

MonthlySSESSMENTS: April China PE Prices

Author: SSESSMENTS

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