Local/localized PE offers on cash, EXW China basis (including 13% VAT in CNY term, equivalent in USD excluding VAT)
Import PE offers on LC at sight, CIF China Main Port basis
Read in another language:
A Shanghai-based trader adjusted local and localized PE offers and predicted buying sentiment in the country to shift following the traditional pattern. As of June 18, offers from the two leading Chinese polyolefins producers increased by CNY50-100/ton ($7-14/ton) from a day earlier. As informed to SSESSMENTS.COM, the trader adjusted up their local and localized Iranian PE offers by the same amount following the uptrend in the futures market coupled with low inventory level in the domestic market.
The trader opined that PE prices in the domestic market will most likely increase in the upcoming week when July shipment offers from most foreign suppliers come out. However, buying sentiment in July and August would not be positive since following the traditional pattern, July to August is the lean season for PE in China, as stated SSESSMENTS.COM.
Local/localized PE offers on cash, EXW China basis (including 13% VAT in CNY term, equivalent in USD excluding VAT)
Origin | Product | Transaction Type | Offers (CNY/ton) | Equivalent in USD/ton |
---|---|---|---|---|
China | HDPE Film | Offer Given | 7,800-8,050 | 974-1,005 |
Iran | HDPE Film | Offer Given | 8,200 | 1,024 |
China | LDPE Film | Offer Given | 8,000-8,200 | 999-1,024 |
China | LLDPE Film C4 | Offer Given | 6,850-7,100 | 855-886 |
Import PE offers on LC at sight, CIF China Main Port basis
Origin | Product | Transaction Type | Offers (USD/ton) |
---|---|---|---|
Uzbekistan | HDPE Yarn | Offer Given | 780-800 |
Saudi | LLDPE Injection | Offer Given | 1,050 |
Tags: Asia Pacific,China,English,NEA,News,PE
Published on June 18, 2020 5:31 PM (GMT+8)SHARE THIS STORY