newsssessments-malaysian-producer-supply-issue-and-limited-offers-bolster-import-pe-pp-prices-in-asia-market

A Malaysian producer informed SSESSMENTS.COM that current firm import PE and PP prices in Asia market are supported by supply issues and limited offers. According to the producer, despite the firm import PE offers in China, HDPE Film offers above $850/ton-level is not acceptable as HDPE Film prices in the domestic market are available at a lower level. While for LDPE Film, as market talks have it that currently, LDPE Film supply in China market is limited as Qatari producers are no longer offering these materials to the country.

While in Southeast Asia, import PE offers above $900/ton became more apparent. SSESSMENTS.COM’s pricing database showed that this week, offers for Middle Eastern LLDPE Film C4 cargoes captured as high as $920/ton. For regional cargoes, import offers for HDPE Film and LLDPE Film C4 stood at $940-950/ton and $930/ton, respectively. All on LC at sight, CIF Southeast Asia Main Port basis. As for demand, the producer opined that PE demand in the region is quite healthy even though it could not be categorized as strong yet. While for PP, fresh import PP offers were scarce this week, however, as stated by the producer, current PP demand is strong. For the outlook, considering the uptrend in feedstock prices, PE and PP prices expected to remain firm onward.

Transaction for import PE, PP offers between June 29 to July 3 on CIF Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Payment Term	Delivery Country
Middle East	HDPE Blow Moulding	Offer Given	870-900	LC at sight	China
Middle East	HDPE Blow Moulding	Offer Received	910	LC at sight	China
Far East Asia	HDPE Film	Offer Given	920	LC at sight	China
Middle East	HDPE Film	Offer Given	950-955	TT	China
Middle East	HDPE Film	Offer Given	860-930	LC at sight	China
Middle East	HDPE Film	Offer Received	870-930	LC at sight	China
Middle East	HDPE Film	Purchased	850	LC at sight	China
Southeast Asia	HDPE Film	Offer Given	940-950	LC at sight	Southeast Asia
North America	HDPE Injection	Offer Received	900	LC at sight	China
North America	HDPE Injection	Offer Given	840	LC 90 days	China
Indian Subcontinent	HDPE Yarn	Sold	860	LC 90 days	China
Middle East	LDPE Film	Offer Given	950	LC at sight	China
Middle East	LDPE Film	Offer Received	910-950	LC at sight	China
Middle East	LLDPE Film C4	Offer Given	830	LC at sight	China
Middle East	LLDPE Film C4	Offer Received	830-880	LC at sight	China
Middle East	LLDPE Film C4	Offer Received	920	LC at sight	Southeast Asia
Southeast Asia	LLDPE Film C4	Offer Given	870	LC at sight	China
Southeast Asia	LLDPE Film C4	Offer Received	870	LC 90 days	China
Southeast Asia	LLDPE Film C4	Sold	870	LC at sight	China
Southeast Asia	LLDPE Film C4	Offer Given	930	LC at sight	Southeast Asia
Far East Asia	PP Block Copolymer	Offer Given	1,010	LC at sight	China
Far East Asia	PP Block Copolymer	Sold	970	LC at sight	China
Middle East	PP Block Copolymer	Offer Given	950-970	LC at sight	China
Middle East	PP Block Copolymer	Offer Received	930-940	LC at sight	China
Southeast Asia	PP Block Copolymer	Offer Received	1,050-1,070	LC at sight	China
Indian Subcontinent	PP Homo Injection	Offer Given	890-900	TT	China
Middle East	PP Homo Injection	Offer Given	900-920	LC at sight	China
Middle East	PP Homo Injection	Offer Received	1,010	LC at sight	Southeast Asia
Southeast Asia	PP Homo Injection	Offer Received	1,040	LC at sight	China
Central Asia	PP Homo Raffia	Offer Given	890	LC at sight	China
Central Asia	PP Homo Raffia	Sold	890	LC at sight	China
Indian Subcontinent	PP Homo Raffia	Offer Given	890-910	LC at sight	China
Indian Subcontinent	PP Homo Raffia	Offer Received	910*	LC at sight	China
Indian Subcontinent	PP Homo Raffia	Sold	890	LC at sight	China
Middle East	PP Homo Raffia	Offer Given	880-900	LC at sight	China
Middle East	PP Homo Raffia	Offer Received	900-920	LC at sight	China
Middle East	PP Homo Thermoforming	Offer Received	1,010	LC at sight	Southeast Asia
Middle East	PP Random Copolymer Extrusion	Offer Received	1,160	LC at sight	China
Southeast Asia	PP Random Copolymer Extrusion	Offer Received	1,150	LC at sight	China

Description: *September shipment offers

NewsSSESSMENTS: Malaysian Producer: Supply Issue And Limited Offers Bolster Import PE, PP Prices In Asia Market

Author: SSESSMENTS

NewsSSESSMENTS: Malaysian Producer: Supply Issue And Limited Offers Bolster Import PE, PP Prices In Asia Market

Author: SSESSMENTS

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