Transactions for import HDPE Film between June 1 to June 5 on LC at sight, CIF China Main Port basis
- Middle East origin $750-810/ton
- Southeast Asia origin $860/ton
Comments by market players on HDPE Film as follows:
“Like offers for other PE grades, offers for both local and import HDPE Film in the China market are on an uptrend. Import cargoes have not arrived at the China port, hence, traders have low inventory at the moment,” a Chinese trader told SSESSMENTS.COM.
“All import offers are in an upward movement and we do not have inventory pressure. Therefore, we plan to increase offers between $10-20/ton compared to last week’s levels,” the leading Saudi polyolefins producer stated to SSESSMENTS.COM on June 2.
“Increases in offers in the China market were mostly seen for HDPE Film and HDPE Injection high MFI. As compared to three weeks ago, PE price movements were more stable in the last two weeks supported by firm feedstock prices,” a trader based in Shanghai commented.
“We increased HDPE Film offers for late July to early August shipment by $40/ton compared to two weeks ago following high crude oil prices and upward movement in the China market. However, it would be difficult to conclude deals as July and August is a traditional low season for PE in China,” a Thai PE producer said to SSESSMENTS.COM.
“Import PE offers to China in the last couple of weeks have increased between $10-30/ton due to stable crude oil prices and higher feedstock prices. As for cargoes of Middle East origin, the increases were also due to low inventory pressure on the producers’ end. Offers for HDPE Film from a Saudi producer were adjusted up by $30/ton compared to last month,” a trader in China informed.
Tags: Asia Pacific,China,English,Middle East,NEA,News,PE,Thailand
Published on June 8, 2020 10:59 AM (GMT+8)Last Updated on June 8, 2020 10:59 AM (GMT+8)
