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Import LDPE, HDPE prices fall below $1100/ton in China

by ChemOrbis Editorial Team -
  • 17/11/2015 (15:40)
Players in China report that import PE prices witnessed additional decreases this week, with LDPE and HDPE prices film breaking below the $1100/ton threshold. Players attributed the recent additional decreases to persistently weak demand. Buyers are hesitantly waiting on the sidelines in anticipation of seeing further reductions in the days ahead.

Following the recent downward movements, import LDPE and HDPE prices declined below the $1100/ton CIF threshold while import offers for LLDPE film had already dropped below this level.

A trader operating in Shanghai reported that he received offers for Brazilian LDPE film at $1100/ton on a CIF, 90 days basis. This level comes to around $1084/ton when adjusted to cash equivalent basis. The trader was also offered Middle Eastern HDPE film at $1100/ton with the same terms.

In China, import PE prices are currently reported at $1084-1163/ton for LDPE film, at $1034-1110/ton for LLDPE film and at $1084-1148/ton for HDPE film, all on a CIF, cash equivalent basis.
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