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NewsSSESSMENTS: Leading Philippines Polyolefins Producer Announces Revision On Local PE, PP Prices

Author: SSESSMENTS

Market sources in the Philippines reported to SSESSMENTS.COM that the leading Philippines polyolefins producer has announced revision on local PE and PP prices. As informed, the producer applied an upward adjustment across all different grades of PE and PP by PHP1,000/ton ($20/ton) as compared to last week’s offer levels. All changes with effect from June 24, 2020.

Local PE, PP offers on cash, FD Philippines basis (including 12% VAT in PHP term, excluding VAT in USD term)

OriginProductTransaction TypeOffers (PHP/ton)Equivalent in USD/ton
PhilippinesHDPE Blow MouldingOffer Received53,000943
PhilippinesHDPE FilmOffer Received53,000943
PhilippinesLLDPE Film C4Offer Received53,000943
PhilippinesPP Homo FilmOffer Received62,0001,104
PhilippinesPP Homo RaffiaOffer Received61,0001,086

Tags: Asia Pacific,English,News,PE,PP,Philippines,SEA

Published on June 24, 2020 3:45 PM (GMT+8)
Last Updated on June 24, 2020 3:45 PM (GMT+8)