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Distributor: Thai producer’s LDPE offers to China revised down

by ChemOrbis Editorial Team -
  • 14/09/2017 (18:51)
An agent of a Thai producer reported that their supplier decreased its LDPE offers to the Chinese market this week in line with softer futures. As the producer’s offer levels were also forming the high end of the overall range of China’s LDPE market, weak demand pushed the seller to revise its offers down.

According to the agent, the producer’s offers indicate a weekly drop of $40/ton at $1350/ton CIF China, cash basis.

LLDPE futures on the Dalian Commodity Exchange posted a weekly decrease of $37/ton as of September 14.

Meanwhile, overall import LDPE offers in China are currently reported at $1280-1350/ton CIF, cash basis with the Thai producer’s offer still sitting on the high end.
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