Platts PE 26 August 2015

7/17/2019 Platts PE 26 August 2015

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This Week’s Highlights:

Asian Ethylene - CFR NEA at 61-month low

Asian HDPE - Global meltdown erodes trading sentiment

Asian LDPE - Falls $30-40/mt on thin demand

Asian LLDPE - Falls $10-$40/mt on weak demand, cautious buyers

Platts International Prices 1

Polymerupdate Indian Domestic Producer Price 1

Polymerupdate CIF India Prices 2

Polymerupdate Indian Producer Posting Price Comparison 3Polymerupdate Indian Open Market Price Table 4

Currency Rates 4

Heard in PE Market 5

Platts International Market Commentary & Analysis 6

Polymerupdate - PE Market Supply Scenario 8

Platts Price Analysis Of PE Chain Processing Margins 9

Platts Polymer Shipping Costs (USD/MT) 10

Crisil Research – Macroeconomics & Currency Monthly Analysis 10

Point of Contact 12

Polymerupdate - About us & Copyright 12

Platts - About us & Copyright 12





Week 34 – August 26, 2015

Contact Details: 344, A to Z Indl. Estate, G. K. Marg, Lower Parel (W), Mumbai – 400013, INDIA | Email: [email protected] | Tel: +91‐22‐61772000 (25 lines) | Fax: +91‐22‐61772025 2

POLYMERUPDATE (CIF INDIA PRICES)

HDPE Grade

CIF INDIA BY ORIGIN (Nhava Sheva Port)

South Korea Singapore Thailand Saudi Arabia

WK 33 WK 34Price Change

on Week


on Week


on Week


on Week Aug 19 Aug 26 Aug 19 Aug 26 Aug 19 Aug 26 Aug 19 Aug 26

Raffia 1250 1210 - 40 -- -- -- -- 1240 1200 - 40 -- -- -- --

Film 1260 1220 - 40 1220 1180 - 40 1250 1210 - 40 1180 1140 - 40

Injection 1260 1220 - 40 1210 1170 - 40 1260 1220 - 40 1200 1170 - 30

Blow Moulding 1270 1230 - 40 1210 1170 - 40 -- -- -- -- -- -- -- --

Pipe 1310 1270 - 40 -- -- -- -- -- -- -- -- -- -- -- --

HMHD 1320 1280 - 40 1270 1230 - 40 1290 1250 - 40 -- -- -- --

LDPE Grade South Korea Singapore Thailand Qatar

General 1250 1210 - 40 1240 1200 - 40 1240 1210 - 30 1200 1150 - 50

Heavyduty 1270 1230 - 40 1270 1230 - 40 1270 1240 - 30 1220 1170 - 50

Milk Pouch 1280 1240 - 40 1280 1240 - 40 1280 1250 - 30 1230 1180 - 50

Injection 1290 1250 - 40 1290 1250 - 40 1290 1260 - 30 -- -- -- --

Lamination -- -- -- -- -- -- -- -- -- -- -- -- 1400 1320 - 80

LLDPE Grade South Korea Singapore Thailand Saudi Arabia

Film 1220 1200 - 20 1190 1170 - 20 1230 1190 - 40 1180 1140 - 40

Rotomoulding 1240 1220 - 20 -- -- -- -- -- -- -- -- 1230 1190 - 40

Injection 1250 1230 - 20 1230 1210 - 20 1250 1210 - 40 1240 1200 - 40

Metallocene -- -- -- -- 1460 1440 - 20 -- -- -- -- -- -- -- --

- All prices are in USD/MT CIF India (Nhava Sheva)

- For South Korea, Singapore, Thailand and Saudi Arabia : Cargo size of 50-100mt delivered within 30 days.

- Price assessments are based on information gathered from a cross section of the industry that includes resin producers, processors, traders and distributors.

- Standard repeatable orders (based on confirmed market deals) form the basis of the prices.







POLYMERUPDATE - India n Open Market Pr ice T abl e Note: All prices are in INR/kg levels.

Product Mumbai Delhi Kolkatta Bangalore Indore Chennai Ahmedabad Rajasthan Kanpur Hyderabad Punjab Kerala

HMHDPE 103 - 104 105 - 106 106 -107 102 - 102.5 107 - 108 106 - 106.5 107 - 108 107 - 107.5 105.5 - 106 104 - 106.5 111 - 112 110 - 111.5

HDPE Raffia 103 - 104 103 - 104 - 100 - 100.5 - 103.5 - 104.5 - - 105 - 105.5 105 - 106 - -

HDPE Injection 102.5 - 103 103 - 104 105 - 106 98 - 98.5 107 - 108 101 - 102 104 - 105 104.5 - 105 104 - 104.5 100 - 101 109 - 110 -

HDPE BlowMoulding

102 - 103 103 - 104 106 - 107 100 - 100.5 106 - 107 104 - 104.5 102 - 103 105 - 105.5 104.5 - 105 102 - 103 109 - 110 105 - 106.5

LLDPE Film 103 - 104 104 - 105 106 - 107 102 - 102.5 106 - 107 102 - 103 104 - 105 103.5 - 104 103 - 103.5 104 - 105 109 - 110 102 - 103.5

LDPE FILM 106 - 107 109 - 110 110.5 - 111.5 107 - 107.5 112 - 113 108 - 109 108 -109 110 - 110.5 111 -111.5 109 - 110 118 - 119 111 - 112.5

Currency rates equivalent to 1 US Dollar :

Countries Currency Rates Countries Currency Rates

Indian Rupees (INR) 66.17 Japan Yen (JPY) 119.66

Pakistan Rupees (PKR) 103.95 Indonesia Rupiahs (IDR) 14,097.92

China Yuan Renminb (CNY) 6.41 Malaysia Ringgits (MYR) 4.21

Bangladesh Taka (BDT) 77.72 Singapore Dollars (SGD) 1.40

Sri Lanka Rupees (LKR) 134.08 South Korea Won (KRW) 1187.95

Thailand Baht (THB) 35.50 Saudi Arabia Riyals (SAR) 3.75

Taiwan New Dollars (TWD) 32.58 United Arab Emirates Dirhams (AED) 3.67





Hear d i n PE MARKET

Platts :

LLDPE FILM: September cargo offer heard at $1,140-1,150/mt CFR South Asia (India), 100-500mt, Qamar/Qapco

material, LC 90 days

HDPE FILM: September cargoes heard discussed at $1,160-1,170/mt CFR Southeast Asia, 100-500mt, LC 30 days,

Middle east origin

HDPE YARN: September cargoes heard offered at $1,200/mt CFR Southeast Asia (Vietnam), 100-500mt

HDPE INJECTION: September cargo offered at $1,150/mt CFR South Asia (India), 100-500mt, LC 30days, Qatari or igin

HDPE film: September cargo discussed at $1,150/mt CFR China, 1000mt, LC 60days, Chevron Phillips origin

HDPE Film: September buying ideas heard at $1,100/mt CFR Southeast Asia (Vietnam), 100-500mt, LC 90 days, Middle

east origin

HDPE Film: September buying ideas heard at $1,100/mt CFR China, 100-500mt, LC 90 days, Middle east origin

HDPE film: October cargo heard offered at $1,185/mt CFR China, 100-500mt, LC 90 days, Taiwan origin through

traders

HDPE Blow moulding BM: China-South Asia spread pegged at $40/mt, September cargoes pegged at $1,185/mt CFR

South Asia, 100-500mt, LC90days , Middle east origin

HDPE Blow moulding BM: China-Southeast Asia spread pegged at $20/mt, September buy sell notions at $1,165/mt

CFR Southeast Asia (Vietnam), 100-500mt, LC 30days

Polymerupdate :

N.A.









POLYMERUPDATE - PE MARKET SUPPLY SCENARIO

LLDPE plant likely to restart by Yangzi

Petrochemical

Yangzi Petrochemical is in plans to restart a linear

low density LLDPE) plant following a maintenance

turnaround. The plant was shut in end-July 2015. It

is likely to remain off-stream till the end of current

month. The plant is expected to resume operations

early next week. Located at Nanjing in China, the

plant has a production capacity of 200,000 mt/year.

Amir Kabir to shut LLDPE plant for

maintenance turnaround

Amir Kabir Petrochemical Company (AKPC) is likey to

shut its linear low density LLDPE) plant formaintenance turnaround. The company plans to

shut the plant in early April 2016. It is expected to

remain off-stream for around 20-21 days. Located at

Bandar Imam, Iran, the LLDPE plant has a

production capacity of 240,000 mt/year.

LDPE plant likely to be shut for maintenance

by PTTGC

PTT Global Chemical (PTTGC) is in plans to shut a

low density LDPE) plant for maintenance

turnaround. The plant is likely to be shut in

September 2015. It is expected to remain off-stream

for around 2 weeks. Located at Map Ta Phut in Thailand, the LDPE plant has a production capacity of 300,000 mt/year.

LLDPE plant shut by Shenyang Chemical for maintenance

Shenyang Chemical has taken off-stream a linear low density LLDPE) plant for a maintenance turnaround. The plant was shut early last week. It is likely to remain off-stream till end August 2015. Located in Liaoning

province, China, the LLDPE plant has a production capacity of 100,000 mt/year.

CSPC eyes maintenance at LDPE plant in Q4, 2015

CNOOC and Shell Petrochemicals Co (CSPC) is likely to shut its low density LDPE) plant for scheduled maintenance turnaround. The plant is planned to be shut during Q4 2015. The plant is likely to remain under a

shutdown mode for about 30 days. Located in Nanhai, Guangdong province of China, the LDPE plant has a production capacity of 250,000 mt/year.





PLATT S – Pri ce Anal ysi s of PE Chai n Processing Mar gins

Naphtha to Ethylene Polyethylene to Naphtha

Typical North East Asian $/mt margin for producing ethylene

from naphtha using a conversion cost of $350/mt. CFR FE Asia LLDPE price as a ratio to naphtha

Ethylene to Polyethylene Intra-Asian LDPE Premiums

Typical $/mt margin for producing LLDPE in Far East Asia

from ethylene using a conversion cost of $150/mtPremium or discount of weekly LDPE Southeast Asian price over weekly Far East Asian LDPE







Documents

Platts PE 26 August 2015