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Import US PE shows up in Europe

by ChemOrbis Editorial Team -
  • 14/04/2016 (20:44)
Import PE offers from the US showed up across Europe at competitive levels this week, attracting buying interest due to the ongoing upward trend in the local markets, where up to three-digit price hikes are being reported with respect to March.

A trader in Germany sold US HDPE blow moulding at €1320/ton DDP, including 6.5% customs duty, 60 days. The seller reported seeing quite good demand while adding that he is doing back to back business. The lowest local HDPE blow moulding offer captured in Germany was €1350/ton on an FD basis this week.

In Italy, a buyer purchased US HDPE film at €1300/ton DDP, including 6.5% customs duty, 60 days, considering the European offers he received to be too high. The lowest HDPE film offer available in the local market was at €1320/ton on an FD basis, which was also reported for locally-held US material.

Another converter bought US HDPE blow moulding for May delivery at €1200/ton on a CIF Italy, subject to 6.5% customs duty, 60 days. This level comes to around €1250/ton when adjusted to a DDP basis with re-export documents.
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