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NewsSSESSMENTS: Bangladesh PE And PP Market Activity To Keep Ongoing Amid Worsening Cases Of Coronavirus Pandemic

Author: SSESSMENTS

Activity in Bangladesh PE and PP market will keep ongoing amid the worsening cases of Coronavirus pandemic, SSESSMENTS.COM was told. At the moment, the Bangladesh market is still suffering from Coronavirus pandemic as a handful of cases have been increasing on a daily basis. To support the economic sector, the government divided the country’s areas into three zones; in green, yellow, and red. Despite that, the market remains slow as not many converters are ready to run production at maximum capacity as demand for finished products has yet to pick up.

In terms of prices, the trader is offering PP Homo Raffia of Vietnam origin at $1,020/ton on LC at sight, CIF Chittagong Port. Meanwhile, offers for Indian PP Homo Raffia cargoes went up by $20/ton from last week’s level. For PE, the trader received offers for HDPE Pipe (PE 80), HDPE Pipe (PE 100) and LLDPE Film C4 from a Taiwanese producer, but decided not to take the cargoes. For the outlook, the room for import PE and PP prices to increase further remains open in the days to come, the trader opined to SSESSMENTS.COM.

Import PE offers on LC at sight, CFR Chittagong Port

OriginProductTransaction TypeOffers (USD/ton)
TaiwanHDPE Pipe (PE 80)Offer Received980
TaiwanHDPE Pipe (PE 100)Offer Received1,070
TaiwanLLDPE Film C4Offer Received820
IndiaPP Homo RaffiaOffer Received920
VietnamPP Homo RaffiaOffer Received1,020

Tags: Asia Pacific,Bangladesh,English,ISC,News,PE,PP

Published on June 17, 2020 4:36 PM (GMT+8)
Last Updated on June 17, 2020 4:36 PM (GMT+8)