platts pp 26 august 2015

7/23/2019 Platts PP 26 August 2015

1/11

www.polymerupdate.com

www.platts.com

This Weeks Highlights:

Asian Propylene: Falls $21-27/mt as supply increases

Asian PP: Raffia falls $40-$50/mt on China market turmoil

INDEX:

Platts International Prices 1

Polymerupdate Indian Domestic Producer Price 1

Platts Polymer Shipping Costs (USD/MT) 2

Polymerupdate CIF India Prices 2

Polymerupdate Indian Open Market Price Table 2

Polymerupdate Indian Producer Posting Price Comparison 3

Heard in PP Market 4

Platts International Market Commentary & Analysis 5

Polymerupdate - PP Market Supply Scenario 6

Platts Price Analysis Of PP Chain Processing Margins 7

Currency Rates 8

Crisil Research Macroeconomics & Currency Monthly Analysis 8

Point of Contact 10

Polymerupdate - About us & Copyright 10

Platts - About us & Copyright 10


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4/11

Week 34 August 26, 2015

ContactDetails:344,AtoZIndl.Estate,G.K.Marg,LowerParel(w),Mumbai400013,INDIA | Email:[email protected] | Tel:+912261772000(25lines) | Fax:+912261772025 3

POLYMERUPDATE - INDIAN PRODUCER POST ING PRICE COMPARISON (GRADE WISE) w.e.f 20-August-2015

BOPP

Producer Grade No. *INR/MT USD/MT

RIL (Ex-Hazira) H029SG/H035SG 87600 1196

HALDIA (Ex-Works) F103 86200 1177

FIBRE FILAMENTS


RIL (Ex-Hazira) H350FG/H200FG 82580 1126

IMPACT COPOLYMER


RIL (Ex Works BC/NC) MI3535 86430 1180

RIL (Ex-Hazira) B030MG/B120MA 82360 1123

HALDIA (Ex-Works) M304 86500 1181

INJECTION MOULDING (MFI - 3)


RIL (Ex-Hazira) H033MG 79730 1086


INJECTION MOULDING (MFI 8-11)


RIL (Ex Works BC/NC) AM120N 77730 1058

RIL (Ex-Hazira) H110MA 79270 1079


RANDOM COPOLYMER


RIL (Ex-Hazira) R019MZ 86890 1186

RAFFIA


RIL (Ex Works BC/NC) SS35N 79540 1083

RIL (Ex-Hazira) H030SG 80230 1093

HALDIA (Ex-Works) R103 87600 1196

TQ FILM


RIL (Ex-Hazira) H100EY 82470 1124

HALDIA (Ex-Works) F110 84300 1150

*Domestic Indian producer prices are quoted in INR/MT basic (Nett of all taxes); equivalent USD/MT price is calculated at current US/INR rate. *Lot Size: 1 Truck Load (10 to 16 MT)

- Ex Works: BC/NC = Ex Works Baroda Complex / Nagothane Complex | Ex Works: HC = Halidia Complex | Ex Works: M/B/T = Mumbai / Bhiwandi / Thane

- Product Key: BOPP = Biaxially-Oriented Polypropylene, MFI = Melt Flow Index,

- USD Price calculation: INR/MT Aprox. Clearing and Forwarding charges / Basic Duty / Exchange Rate = USD/MT (For example: 82330 2500 / 1.075 / 54.24 = 1396)


5/11



Hear d i n PP MARKET

Platts:

PP Raffia/Injection: H2 Sep offers heard at $990/mt CFR FE Asia, LyondellBasell and Braskem origin, normalized to LC30

PP Raffia: Domestic East China offers heard at Yuan 7,800/mt, ex works

PP Injection: Injection vs Raffia spread is about $0/mt CFR FE AsiaPP BOPP: BOPP vs Raffia spread is about $5-10/mt CFR FE Asia

PP Raffia/Injection: H2 Sep offers heard at $1,000/mt CFR SE Asia, APC origin, normalized to LC30

PP IPP Film: IPP Film vs PP Raffia spread at about $10/mt CFR SE Asia

PP IPP Film: H2 Sep offer at $1,020/mt CFR SE Asia

PP IPP Film: H2 Sep bid heard at $990/mt CFR SE Asia

PP BOPP: H2 Sep offer at $1015/mt CFR SE Asia

PP Raffia/Injection: H2 Sep offer at $990/mt CFR SE Asia, Reliance origin, normalized to LC30

PP Raffia/Injection: H2 Sep buying heard at $950/mt CFR SE Asia


PP Raffia: Domestic East China offers heard at Yuan 8,100/mt, Sinopec origin, ex works

PP Raffia/Injection: H2 Sep offers heard at $980-1,000/mt CFR FE Asia


PP Raffia/Injection: H2 Sep offer at $980-990/mt CFR SE Asia, Reliance origin

PP Raffia/Injection: H2 Sep offer at $1,000-1,015/mt CFR SE Asia, APC origin

PP IPP Film: IPP Film vs PP Raffia spread at about $20/mt CFR S Asia

PP Block Copolymer: PP Block Copolymer vs PP Raffia spread at about $50/mt CFR S Asia, LyondellBasell origin

PP Raffia/Injection: H2 Sep offer at $1,000/mt CFR SE Asia

Polymerupdate:

N.A.


6/11


7/11



POLYMERUPDATE - PP MARKET SUPPLY SCENARIO

RFCC planned to be restarted by

CPC

CPC Corp is in plans to restart a

residual fluid catalytic cracker

(RFCC) at its Dalin refinery following

an unplanned shutdown. The cracker

had planned to resume production

by early this week. It was shut in

Mid-Aug 2015 owing to technical

issues. Located at Dalin in Taiwan,

the RFCC has a propylene capacity

of 400,000-450,000 mt/year.

PDH plant shut by ZhejiangShaoxing Sanyuan

Zhejiang Shaoxing Sanyuan

Petrochemical has shut its propane

dehydrogenation (PDH) unit. The

plant was shut on August 19, 2015

owing to power issues. The plant is

likely to be restarted by the end of

this week. Located in Shaoxing,

Zhejiang province of China, the unit

has a propylene capacity of 450,000mt/year.

Tosoh to undertake

maintenance at naphtha cracker

in Q2, 2016

Tosoh is in plans to shut its naphtha cracker for maintenance turnaround. The cracker is planned to be shut in April 2016. It is likely to remain off-stream for around one month. Located in Yokkaichi, Japan, the

cracker has an ethylene capacity of 530,000 mt/year and propylene capacity of 316,000 mt/year.

PP plant operated by Japan Polypropylene at full rates

Japan Polypropylene is operating its polypropylene (PP) plant at full rates. The PP plant is presently operating at 100% of production capacity rates. The full rates are a result of strong sales recorded in the domestic

markets. Located in Kashima, Japan, the plant has a production capacity of 300,000 mt/year..


8/11



PLATT S Pri ce Anal ysi s of PP Chai n Pr ocessing Mar gins

Naphtha to Propylene Propylene to Polypropylene

Typical North East Asian $/mt margin for producing propylene

from naphtha using a conversion cost of $250/mt

Typical $/mt margin for producing PP homo injection in Far East Asia

from propylene using a conversion cost of $150/mt

Polyproplene : Naphtha ratio CFR China Vs SEA Propylene

CFR FE Asia PP homo injection prices as a ratio of naphtha CFR China propylene premium or discount to CFR South East Asian propylene prices


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platts pp 26 august 2015

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