newsssessments-local-lldpe-in-china-continue-to-surge-to-a-new-threshold-level

Data obtained by SSESSMENTS.COM showed that local LLDPE Film C4 offers in China surged by more than CNY1,500/ton ($213/ton) in the last two weeks. Towards the end of March, local LLDPE Film C4 offers broke below CNY6,000-threshold ($853/ton) with the lowest deals recorded on March 30 at CNY5,450/ton ($774/ton) on cash, EXW China basis and including 13% VAT.

However, local LLDPE Film C4 prices started to rebound since the beginning of April following the increase in the futures market prices coupled with an expectation of higher crude oil prices. At the moment, buyers are showing more interest to make procurements as the prices are on an uptrend. As compared to a fortnight ago, offers for LLDPE Film C4 continue to move up with a total increment of CNY1,750/ton ($249/ton), SSESSMENTS.COM noted.

Likewise, in the past two weeks, SSESSMENTS.COM’s data showed that September 2020 LLDPE futures prices on dalian commodity exchange gained momentum moving back up to above CNY6,000/ton-threshold ($853/ton). On April 10, the futures prices settled at CNY6,130/ton ($871/ton), increased by CNY675/ton ($96/ton) compared to the settlement on March 30.

Transactions for local LLDPE Film C4 cargoes between March 30-April 13 on cash, EXW China basis and including 13% VAT (equivalent in USD excludes VAT)

Date	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton	Delivery Location
30-Mar-2020	LLDPE Film C4	Sold	5,450	685	China
1-Apr-2020	LLDPE Film C4	Offer Given	5,600-6,100	704-767	China
1-Apr-2020	LLDPE Film C4	Price List	5,950	748	China
1-Apr-2020	LLDPE Film C4	Price List	6,000-6,100	755-767	North China
2-Apr-2020	LLDPE Film C4	Price List	6,000	755	China
2-Apr-2020	LLDPE Film C4	Price List	6,050-6,150	761-773	North China
3-Apr-2020	LLDPE Film C4	Offer Given	5,850-6,100	736-767	China
7-Apr-2020	LLDPE Film C4	Offer Given	6,200-6,300	780-792	China
7-Apr-2020	LLDPE Film C4 (CTO)	Sold	6,215	782	China
7-Apr-2020	LLDPE Film C4	Price List	6,450	811	China
7-Apr-2020	LLDPE Film C4	Price List	6,450-6,550	811-824	North China
8-Apr-2020	LLDPE Film C4	Price List	6,600	830	China
8-Apr-2020	LLDPE Film C4	Price List	6,600-6,700	830-843	North China
10-Apr-2020	LLDPE Film C4	Offer Given	6,500-6,650	817-836	China
10-Apr-2020	LLDPE Film C4	Price List	7,100	893	China
10-Apr-2020	LLDPE Film C4	Price List	7,100-7,200	893-905	North China
13-Apr-2020	LLDPE Film C4	Price List	7,100	893	China
13-Apr-2020	LLDPE Film C4	Price List	7,100-7,200	893-905	North China

Description:

September 2020 LLDPE Futures Prices On Dalian Commodity Exchange

Date	Dalian LLDPE Settlement
30-Mar-2020	5,455
31-Mar-2020	5,510
1-Apr-2020	5,515
2-Apr-2020	5,695
3-Apr-2020	5,830
7-Apr-2020	6,060
8-Apr-2020	6,005
9-Apr-2020	6,000
10-Apr-2020	6,130

NewsSSESSMENTS: Local LLDPE In China Continue To Surge To A New Threshold Level

Author: SSESSMENTS

NewsSSESSMENTS: Local LLDPE In China Continue To Surge To A New Threshold Level

Author: SSESSMENTS

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