Local PE offers on cash, EXW China basis (including 13% VAT in CNY term, all equivalent in USD excluding VAT)
Import PE offers on LC 90 Days, CIF China Main Port basis
A Chinese trader commented to SSESSMENTS.COM buyers would still be willing to buy despite South Korean producer made a notable adjustment on prices. As compared to the offers for July shipment, August shipment offers for HDPE Yarn and LDPE Coating from a South Korean producer increased by $80/ton and $70/ton, respectively. Although surfaced with significant increases, the trader believes that the sales for both grades will be satisfactory. “The sales for HDPE Yarn and LDPE Coating of South Korea origin should be good as they have particular customers who use these grades,” the trader said.
While in the China local market, following the decreases in the futures prices, the trader adjusted down offers for local HDPE Yarn cargoes. As compared to a day earlier, local HDPE Yarn prices have gone down by CNY100/ton ($14/ton), SSESSMENTS.COM was told.
Tags: Asia Pacific,China,English,NEA,News,PE
Published on July 17, 2020 5:51 PM (GMT+8)Last Updated on July 17, 2020 5:51 PM (GMT+8)
