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NewsSSESSMENTS: Chinese Market Players Bid For Leading Indonesian Polyolefins Producer’s LLDPE Cargoes At Astonishing Level, Forming Low End Of Price Range

Author: SSESSMENTS

Chinese market players have placed a bid for LLDPE Film C4 from the leading Indonesian polyolefins producer at an astonishing level, forming new low-end of the price range. A Chinese trader revealed to SSESSMENTS.COM that this week the company procured Indonesian LLDPE Film C4 cargoes between $730-740/ton on LC at sight, CIF China main port basis. As PE prices continue to be soft, for the second round of procurement the trader placed bids at $680/ton with the same payment and shipment term. However, the leading Indonesian polyolefins producer rejected the bids as the producer is not willing to sell that low yet. 

Transactions for import LLDPE Film C4 between March 23 to March 27, CIF China main port basis

OriginTransaction TypeOffers (USD/ton)Payment Term
IndiaOffer Given690-700LC at sight
IndiaOffer Received690-700LC at sight
IndiaSold690-700LC at sight
IndonesiaPurchased730-740LC at sight
IndonesiaBid Given680LC at sight
IranOffer Received750TT
JapanOffer Received710-730LC at sight
KuwaitOffer Received750LC at sight
QatarOffer Received710-800LC at sight
SaudiOffer Given770-800LC at sight
SaudiOffer Received750LC at sight
SaudiBid Received750LC at sight
SaudiSold750LC at sight
South KoreaOffer Received750LC at sight
South KoreaOffer Received740LC 90 Days
South KoreaBid Received700LC at sight
South KoreaPurchased740-750LC 90 Days
ThailandOffer Given770-845LC at sight
ThailandOffer Received770LC at sight
ThailandSold770LC at sight
ThailandBuy Idea730-740LC at sight
United Arab EmiratesOffer Received790LC at sight
USAOffer Received790LC at sight

Tags: Asia Pacific,China,English,NEA,News,PE

Published on March 27, 2020 11:59 AM (GMT+8)
Last Updated on April 29, 2020 11:28 AM (GMT+8)