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NewsSSESSMENTS: Chinese Trader Purchased LLDPE Of Leading Indonesian Polyolefins Producer At Attractive Level, Breaking A New Low

Author: SSESSMENTS

A Chinese trader purchased LLDPE Film C4 of the leading Indonesian Polyolefins producer at an attractive level, SSESSMENTS.COM was told. As informed by the trader to SSESSMENTS.COM’s team on March 27, the company managed to secure the LLDPE Film C4 cargoes from the producer at $670/ton on LC at sight, CIF China Main Port basis, which captured as the lowest level so far.

This morning, SSESSMENTS.COM reported that the leading Indonesian polyolefins producer shrugged off bids from another Chinese trader at $680/ton on the same payment and delivery term, citing that the company is not willing to sell that low yet.

Transactions for import LLDPE Film C4 between March 23 to March 27 on 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
IndonesiaBid Given680LC at sight
IndonesiaOffer Received690LC at sight
IndonesiaPurchased670-740LC at sight
IranOffer Received750TT
JapanOffer Received710-730LC at sight
KuwaitOffer Received750LC at sight
QatarOffer Received710-800LC at sight
SaudiBid Received750LC at sight
SaudiOffer Given770-800LC at sight
SaudiOffer Received720-750LC at sight
SaudiSold750LC at sight
South KoreaBid Received700LC at sight
South KoreaOffer Received750LC at sight
South KoreaOffer Received740LC 90 days
South KoreaPurchased740-750LC 90 days
ThailandBuy Idea730-740LC at sight
ThailandOffer Given770-845LC at sight
ThailandOffer Received770LC at sight
ThailandSold770LC at sight
United Arab EmiratesOffer Received790LC at sight
USAOffer Received790LC at sight

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

Published on March 27, 2020 6:19 PM (GMT+8)
Last Updated on March 27, 2020 6:19 PM (GMT+8)