NEWSLETTER 8TH|APRIL|2024

 Supreme Petrochemicals increased GPPS and HIPS prices by Rs. 2000/MT w.e.f. 8th April 2024.

 China Future Market Updates:- China May Future price of PP closed higher by 12 RMB at 7590 and
LLDPE higher by 9 RMB at 8324 while PVC lower by 16 RMB at 5782.

International Offer for India:-

 Arya Sasol from Iran offered their LDPE 2 mfi at 1125$, LD Heavy Duty at 1176$, LD Lamination at
1300$ and HD Film at 980$ CFR Nhava Sheva for May shipment.

International Offers for China:-

 Traders quoted PP Film Grade 5231P from Saudi Arabia at US$ 900/MT, T/T, CFR Huangpu basis for
Bonded warehouse.

 Traders quoted PP Injection Grade 5705P from Saudi Arabia at US$ 890/MT, T/T, CFR Huangpu basis for
May, 2024 arrival.

 Traders quoted PP Raffia Grade 030SP from Saudi Arabia at US$ 890/MT, T/T, CFR Shantou basis for
April, 2024 shipment.

 Traders quoted PP Copol Grade 310MK10 from Saudi Arabia at US$ 920/MT, T/T, CFR Huangpu basis
for end-April, 2024 arrival.

 Traders quoted PP Fiber from Saudi Arabia at US$ 920/MT, L/C at sight, CFR Huangpu basis for April,
2024 arrival.

 Traders quoted HDPE Film Grade FI0851P from Saudi Arabia at US$ 945/MT, T/T, CFR Main China Port
basis for April, 2024 arrival.

 Traders quoted HDPE Injection from U.S.A. at US$ 895/MT, T/T, CFR Huangpu basis for April, 2024 ship-
ment.

 Traders quoted HDPE Blow from Qatar at US$ 915/MT, T/T, CFR Huangpu basis for April, 2024 arrival.
 Traders quoted HDPE Raffia Grade 53EA010 from India at US$ 965/MT, T/T, CFR Qingdao basis for
April, 2024 arrival.

 Traders quoted LDPE Film Grade FD0474 from Qatar at US$ 1030/MT, T/T, CFR Huangpu basis for
April, 2024 shipment.

 Traders quoted LLDPE Film Grade FD21HN from Saudi Arabia at US$ 920/MT, T/T, CFR Ningbo basis
for April, 2024 arrival.

Petrochemical News:-

 Shenhua Baotou Coal Chemical has shut its HDPE/LLDPE and PP Units on 7th April, 2024 for mainte-
nance work until end-May, 2024. The Units are located in Baotou, China with PP production capacity of
300,000 Tons/Year and HDPE/LLDPE capacity of 400,000 Tons/Year.

 Qatofin Company Limited has shut its LLDPE Unit and declared a Force Majeure (FM) on the supplies of
LLDPE from its Unit following a technical issue at the Cracker that disrupted ethylene supply. The Unit is
expected to restart on 26th April, 2024. The Unit is located in Mesaieed, Qatar with a production capacity
of 670,000 Tons/Year.

 Formosa Chemicals and Fibre Corp (FCFC) has shut its No.3 Styrene Monomer (SM) Unit for mainte-
nance work. The Unit is located in Mailiao, Taiwan with a production capacity of 720,000 Tons/Year.

 Jiutai Energy Group has restarted its Polypropylene (PP) and Polyethylene (PE) Units after maintenance
work. The Units are located in Ordos, China with PP production capacity of 320,000 Tons/Year and
LLDPE capacity of 250,000 Tons/Year.

 Zhejiang Petroleum & Chemical (ZPC) has shut its No.1 Polypropylene (PP) Unit on 6th April, 2024 for
maintenance work of around 2-3 weeks. The Unit is located in Zhoushan, China with a production capac-
ity of 450,000 Tons/Year.

 Fund Energy Ningbo has restarted its Polypropylene (PP) Unit, which was shut on 24th March, 2024 for
maintenance work. The Unit is located in Ningbo, Zhejiang, China with a production capacity of 440,000
Tons/Year.

 Sinopec Maoming Petrochemical has shut its Low Density Polyethylene (LDPE) Plant in early-April, 2024
for maintenance work until end-April, 2024. The Unit is located in Maoming, Guangdong, China with a
production capacity of 110,000 Tons/Year.

 Muntajat has declared a Force Majeure (FM) on the supplies of LLDPE from its Plant on 4th April, 2024
due to technical issues. The Plant is located in Mesaieed, Qatar with a production capacity of 450,000
Tons/Year.

 Formosa Chemicals and Fibre Corp (FCFC) is operating its No.2 Styrene Monomer (SM) Line at full
rates. The Line is located in Mailiao, Taiwan with a production capacity of 350,000 Tons/Year.

 Continental Chemical Corp is planning to operate its Phthalic Anhydride (PA) Plant at reduced rates in
April, 2024. The Plant is located in Samut Prakan, Thailand with a production capacity of 15,000 Tons/
Year.
 Shandong Zhonghai Fine Chemical has shut its new PDH Plant in early-April, 2024 due to compressor is-
sue. The restart date of Plant is yet to be ascertained. The Plant is located in China with a production ca-
pacity of 400,000 Tons/Year.

 Sinopec Shanghai Gaoqiao has shut its Phenol/Acetone Plant. The Plant is located in Shanghai, China
with Phenol production capacity of 135,000 Tons/Year and Acetone capacity of 85,000 Tons/Year.

 Qianxi Coal Chemical has shut its Monoethylene Glycol (MEG) Unit in early-April, 2024 for maintenance
work. The Unit is located in Qianxi, Guizhou, China with a production capacity of 300,000 Tons/Year.

 Jiutai Energy has restarted its MTO Plant after maintenance work. The Plant is located in Ordos, Inner
Mongolia, China with Propylene production capacity of 350,000 Tons/Year and Ethylene capacity of
250,000 Tons/Year.

Miscellaneous News:-

 Sinopec has increased its domestic Benzene list Prices in China by CNY 150/MT and assessed at CNY
8,800/MT.

Feedstock Prices:-

FEEDSTOCK PRICES PRICES (US$/MT) CHANGE

Propylene CFR SEA 850 (NC)

Ethylene CFR SEA 1015 (NC)

Naphtha CFR Japan 735 (-5)

Naphtha Europe 700 (-5)

Styrene Monomer FOB Korea 1170 (+5)

Spot PP, PE and PVC Prices of China:-

GRADES AMOUNT (RMB/MT) CHANGE

PP 7828 (+43)

HDPE 8475 (NC)

LDPE 9300 (+50)

LLDPE 8278 (+36)

PVC 5530 (NC)

 Open Market Prices (INR/KG):-

GRADES MUMBAI CHANGE DELHI CHANGE (Weekly) BENGALURU

(Rs./Kg)

PP Film 96.5 (+0.5) 99 (+1) 99

PP Injection 95 (+0.5) 98 (+2.5) 97

PP Raffia 95 (+0.5) 98 (+2.5) 97

PP CP - - 102 (NC) 102

PP RCP - - 109 - 106.50

HDPE Film 96 (NC) 98 - 97.50

HDPE Injection 92 (NC) 94 (+3) 94

HDPE Blow 92.5 (NC) 96.50 (+1) 94.50

LDPE Film 111 (+1) 118 (+1) 113

LDPE Moulding - - 125 (NC) 122

LLDPE Film 92 (+2) 92 - 93

LLDPE Moulding - - 101 - 106

PVC Suspension 75.5 (NC) 75 (-0.25) -

EVA 18% 130 (NC) 129 (-2) -

PET - - 96 - -

GPPS 119 (+2) 119 (+1) -

HIPS - - 126 (+1) -

ABS - - 139 (+6) -

PC - - 174 - -

GRADES HYDERABAD CHANGE (Weekly) RAIPUR CHANGE (Weekly)

PP Film 100 (+2) 99 (+1)

PP Injection 99 (+2) 97 (+1)

PP Raffia 99 (+2) 97 (+0.5)

PP CP - - 104 (NC)

HDPE Film 102 (+2) 101 (+1)

HDPE Injection 99 (+5) 95 (+1)

HDPE Blow 97 (+3) 96 (+1)

LDPE Film 118 (NC) 120 (+3)

LLDPE Film 95 (+5) 95 (+4.5)

 International Offers for Vietnam & Other Countries:-

International offers for Vietnam (US$/MT) International offers for Sri Lanka (US$/MT)

Grade Price (US$/MT) Price Difference Grade Price (US$/MT) Price Difference

PP Raffia 1040 (-15)

PP Raffia 970 (NC)

HDPE Film 1015 (-10) HDPE Film 1090 (NC)

LDPE Film 1110 (NC) LDPE Film 1160 (-15)

LLDPE Film 1000 (-5) LLDPE Film 1040 (-10)

International offers for Indonesia (US$/MT) International offers for Bangladesh (US$/MT)

Grade Price (US$/MT) Price Difference Grade Price (US$/MT) Price Difference

PP Raffia 990 (NC) PP Raffia 1020 (-5)

PP Copolymer 1030 (NC) PP CP 1090 (-10)

HDPE Film 1020 (-10) HDPE Film 1050 (NC)

LDPE Film 1090 (NC) LDPE Film 1150 (NC)

LLDPE Film 1010 (-10) LLDPE Film 1030 (NC)

International offers for Egypt (US$/MT) International offers for Russia (US$/MT)

Grade Price (US$/MT) Price Difference Grade Price (US$/MT) Price (US$/MT)

PP Raffia 1245 (-5)

PP Raffia 1190 (NC)
PP Homopolymer 1300 (+10)

PP Fibre 1250 (NC)

PP Block copolymer 1340 (NC)

HDPE Film 1265 (NC) HDPE Film 1285 (+25)

HDPE Injection 1300 (+35)

LDPE Film 1315 (NC)

HDPE Pipe 1325 (-5)

LLDPE Film 1185 (NC)
LDPE Film 1325 (+35)
 Import Offers for Indian Market:-
Country of Origin Port Of Discharge Grade Currency/Unit Price Change

Saudi Arabia Nhava Sheva PP Film USD/MT 1030 (NC)

Saudi Arabia Nhava Sheva PP Injection USD/MT 1010 (NC)

Saudi Arabia Nhava Sheva PP Raffia USD/MT 1010 (NC)

Saudi Arabia Nhava Sheva HDPE Film USD/MT 990 (NC)

Saudi Arabia Nhava Sheva HDPE Injection USD/MT 970 (NC)

Saudi Arabia Nhava Sheva HDPE Blow USD/MT 980 (NC)

Saudi Arabia Nhava Sheva LDPE Film USD/MT 1115 (NC)

Saudi Arabia Nhava Sheva LLDPE Film USD/MT 950 (NC)

Taiwan Nhava Sheva PVC Suspension USD/MT 830 (NC)

Korea South Nhava Sheva EVA 18% USD/MT 1480 (NC)

Iran Nhava Sheva GPPS USD/MT 1260 (NC)

Thailand Nhava Sheva HIPS USD/MT 1370 (NC)

Taiwan Nhava Sheva ABS USD/MT 1410 (NC)

Vietnam Nhava Sheva PET USD/MT 1010 (NC)

International Offers for South East Asia:-

Port Of Discharge Grade Price (US$/MT) Change

HCM, Vietnam PP Film 985 (NC)

Indonesia PP Injection 965 (NC)

HCM, Vietnam PP Raffia 965 (NC)

HCM, Vietnam HDPE Film 1000 (NC)

Indonesia HDPE Injection 990 (NC)

Indonesia HDPE Blow 1000 (NC)

HCM, Vietnam HDPE Raffia 1025 (NC)

HCM, Vietnam LDPE Film 1095 (NC)

HCM, Vietnam LLDPE Film 995 (NC)

HCM, Vietnam PVC Suspension 790 (NC)

HCM, Vietnam EVA 18% 1450 (NC)

HCM, Vietnam GPPS 1295 (NC)

HCM, Vietnam HIPS 1355 (NC)

HCM, Vietnam ABS 1405 (NC)

HCM, Vietnam PET 980 (NC)