Deep-sea cargoes continue to put pressure on PE prices in China
The pressure from deep-sea cargoes was felt more intensively on HDPE grades as the overall import ranges for HDPE film and HDPE b/m were pulled down by these offers this week to $1060-1172/ton and $1059-1108/ton respectively all CIF, cash equivalent. This week, a Mexican HDPE film offer entered the market forming the low end of the range while Brazilian HDPE b/m retreated by $50/ton on the week to $1075/ton CIF, 90 days, which comes to around $1059/ton when adjusted to cash payment terms.
For LDPE, Brazilian offers again stood on the low end of the overall import market, which was reported at $1094-1200/ton. As for LLDPE, US and Brazilian offers were reported at $1074-1120/ton, standing at and close to the low end of the overall range at $1074-1175/ton, all on CIF, cash equivalent basis.
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