- Far East Asia origin $760/ton
- Middle East origin $750-775/ton
- Southeast Asia origin $810/ton
Comments by market players on HDPE Film as follows:
“Our offers for HDPE Film increased by $10/ton compared to offers given last Tuesday as the China market seems to be on an uptrend following upward movements in LLDPE Film C4 futures prices. However, market responses were not good. Buyers might want to hold procurements as today is the first trading day in May after the Labor Day holiday,” a Thai PE producer informed SSESSMENTS.COM on May 6.
“Traders’ bag HDPE Film of US origin are offered between $700-720/ton on LC 90 days, CIF China main port basis while offers from a US producer stand at $730/ton on LC at sight, CIF China main port basis. The offers are stable compared to last week,” a Chinese trader reported.
“Offers for HDPE Film from the U.S have increased between $20-30/ton compared to last week. Without demand to support, we need to be more cautious,” another Chinese trader commented to SSESSMENTS.COM.
“There are not many transactions in the market this week. On our end, we sold HDPE Film from Saudi at $770/ton on LC at sight, CIF China main port basis. The deal was at the same level as the initial offers. As compared to last week, the offers are $30/ton higher,” a global trading house revealed.
“Our customers asked for more allocation of US HDPE Film at offers given earlier this week, but the producer informed that the offers were adjusted up by $20/ton to $750/ton on LC 90 days, CIF China main port basis,” a local trader told SSESSMENTS.COM.
“We have not heard any offers at $700/ton for Saudi HDPE Film. Currently, the offers stand between $750-770/ton on LC at sight, CIF China main port basis,” a Hongkong based trader commented.
“We adjusted up HDPE Film offers by $20/ton compared to last week since other suppliers also increased offers to China. Buyers’ responses were good,” a South Korean producer stated to SSESSMENTS.COM.
“We received offers for HDPE Film of Qatar origin via traders at $775/ton on LC at sight, CIF China main port basis. The offers are too high,” a Chinese trader commented.
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Transactions for import HDPE Film between May 4 to May 8, CIF China Main Port basis
| Origin | Product | Transaction Type | Offers (USD/ton) | Payment Term |
|---|
| Far East Asia | HDPE Film | Offer Given | 760 | LC at sight |
| Far East Asia | HDPE Film | Sold | 760 | LC at sight |
| Middle East | HDPE Film | Offer Given | 760-770 | LC at sight |
| Middle East | HDPE Film | Offer Received | 750-775 | LC at sight |
| Middle East | HDPE Film | Sold | 770 | LC at sight |
| North America | HDPE Film | Offer Received | 745-750 | LC 90 Days |
| North America | HDPE Film | Purchased | 710-730 | LC 90 Days |
| North America | HDPE Film | Sold | 730 | LC at sight |
| North America | HDPE Film | Sold | 700-720 | LC 90 Days |
| Southeast Asia | HDPE Film | Offer Given | 810 | LC at sight |
Tags: Asia Pacific,China,English,NEA,News,PE
Published on May 11, 2020 11:17 AM (GMT+8)
Last Updated on May 11, 2020 11:17 AM (GMT+8)
