China’s import PP, PE markets see further reductions
A trader reported receiving $10-30/ton decreases for homo-PP compared with earlier in the week at $1050/ton CIF, 90 days for Brazilian raffia, at $1070/ton CIF, 90 days for Indian raffia and at $1050/ton CIF, cash for Saudi Arabian injection. “Import PP prices witnessed further declines at the end of the week owing to subdued market activity. Most buyers are proceeding cautiously with their purchases these days,” the trader commented.
In the PE market, another trader said that they received $10/ton lower offers for LDPE film at $1240/ton CIF, 90 days for Iranian material and at $1220/ton CIF, cash for a Saudi Arabian origin. The same trader also reported receiving an offer for Middle Eastern LLDPE film with a $20/ton reduction at $1170/ton CIF, 90 days. “It is difficult to conclude deals these days as most buyers are keeping to the sidelines. We hear that many sellers are willing to negotiate with buyers placing firm bids,” the trader stated.
Import prices for both dutiable and non-dutiable PE cargoes were reported at $1170-1280/ton for LDPE film, $1150-1230/ton for LLDPE film and at $1210-1270/ton for HDPE film, all on a CFR China, cash equivalent basis. In the PP market, import homo-PP injection and raffia prices stand at $1030-1100/ton with the same terms.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey’s PE market stuck between weak fundamentals and up pressure from China
- Firming PP trend falters in China’s local market
- European players question if bottom is near for PE
- Asian ABS players turn cautious after recent rally
- July PVC dealt lower in Europe, what lies ahead for August?
- China’s Jan-May total polymer imports hit a record of nearly two decades
- India’s local PVC market soars to 6-month high after customs hike
- China’s export PET market faces correction after rising 10% from two-year-low
- Spot propylene moves in opposite directions in Asia and Europe
- European PS hits year-to-date low on July drops