- The leading Indonesian polyolefins producer has announced fresh offers for this week. As compared to the previous price list, SSESSMENTS.COM noted that the producer has implemented an upward price correction for PP Homo Raffia. This week, offers for PP Homo Raffia increased by IDR130,000/ton ($7.9/ton) as compared to last week’s level. Meanwhile, the offers for PP Homo Raffia higher MFI remain absent this week.
- Whereas in Malaysia, a converter informed SSESSMENTS.COM regarding the latest situation amid the lockdown due to Coronavirus outbreak. The converter explained that their factories were totally shut since last week and the converter is not having any interests to follow the market movement at the moment. Even to clear the cargoes at the port is impossible at the moment due to lack of human resources.
*Offers on 30 days credit term
| Product | Price (USD) | Terms | "Changes From |
|---|
| Previous Trading Day (USD)" | | | |
| Brent | 24.93 | May Settlement | -1.41 |
| NYMEX | 21.51 | May Settlement | -1.09 |
| Naphtha | 291 | CFR Japan | -1 |
| Ethylene | 537-545 | CFR NEA | -10 |
| Ethylene | 522-530 | CFR SEA | -4 to -6 |
| Propylene | 647-655 | CFR China | -44 to -46 |
| Propylene | 627-635 | FOB Korea | -39 to -41 |
PP Homo Raffia on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT and VND term includes 10% VAT all equivalent in USD excludes VAT)
| Origin | Currency | Offers/ton | Equivalent in USD/ton |
|---|
| Indonesia | IDR | 15,000,000 | 923 |
| Malaysia | MYR | 4,600*-4,650* | 1,062-1,074 |
| Philippines | PHP | 67,000 | 1,174 |
| Thailand | THB | 30,000-30,500 | 919-935 |
| Vietnam | VND | 23,500,000 | 909 |
Import on LC at sight, CIF Southeast Asia main port basis
| Origin | Product | Offers (USD/ton) |
|---|
| Middle East | PP Homo Raffia | 880 |
| Southeast Asia | PP Homo Raffia | 800-850 |
Tags: Asia Pacific,Daily,English,PP,SEA
Published on March 30, 2020 12:57 PM (GMT+8)
Last Updated on March 30, 2020 12:57 PM (GMT+8)
