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China’s local PE market firms up

by ChemOrbis Editorial Team -
  • 24/06/2016 (17:06)
In China, local LDPE prices started to firm up last week and this was followed by other PE products this week. Modest increases were reported on the week, with HDPE film increasing by CNY150/ton ($22/ton) on both ends, LLDPE film by CNY200/ton ($30/ton) on the low end and LDPE film by CNY600/ton ($91/ton) on the high end. Some distributors in China attributed these increases to higher futures prices and low inventory levels.

LDPE prices recorded a significant increase compared to other grades due to limited supplies for this product. “However, end buyers continue to source on an as needed basis and have no plan to build extra stocks,” stated a distributor. Another distributor commented that the recent stock replenishment ahead of the shutdowns for the G-20 Summit also played a role in the reversal of the trend in the local PE market.

Local prices are quoted within the range of CNY9000-10700/ton ($1367-1626/ton) for LDPE film, CNY8550-9900/ton ($1299-1504/ton) for LLDPE film and CNY9150-9900/ton ($1390-1504/ton) for HDPE film on ex-warehouse, China, cash basis.
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