DailySSESSMENTS: China PE Price 5th February 2020


- A global trading house informed SSESSMENTS.COM pertaining to the latest PE prices in the local and import market. In the domestic market, offers across all grades of PE have decreased between CNY100-150/ton ($14-21/ton) as compared to the offer level before the Lunar New Year holiday. In the import market, offers for Qatari PE cargoes remain unchanged. Likewise, import PE offers for February shipment from a Kuwaiti producer also stable, all prices compared to the level before the holiday. Despite the stable offers, buyers remain disincentivised from purchases. 

- Meanwhile, a Chinese trader revealed to SSESSMENTS.COM that import offers for HDPE Film of Saudi origin surfaced with an increase of between $60-80/ton from the level before the Lunar New Year holiday. The tight supply claimed to be the major ground of the significant increases. The offers stand at $990/ton on LC at sight, CIF China Main Port basis, which is believed to be unworkable considering the current market situation. 

Tags: Asia Pacific,China,DailySSESSMENTS,English,EN PE CHINA DSS,Northeast Asia,Polyethylene (PE) China PE Price,PE price

February 5, 2020 3:22 PM