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LDPE film remains under pressure in SE Asia

by ChemOrbis Editorial Team -
  • 12/05/2017 (11:52)
In Southeast Asia, PE prices posted additional decreases over the week in line with the ongoing bearishness in China which has been in place since the end of the Chinese New Year due to weak demand and ample supplies in the country.

Import LDPE film prices in Southeast Asia are currently standing at $1270-1300/ton CIF Southeast Asia, cash basis while import LDPE prices in China are reported at $1200-1220/ton CIF, cash.

Based on the netback to China, LDPE remains under clear downward pressure given the fact that the $1200/ton CFR level in China theoretically enables re-exports to SEA as low as $1220/ton CIF when the shipping cost of $20/ton from China to mainly Vietnam is considered.

As can be seen from the graph below created by ChemOrbis Price Wizard, weekly average LDPE prices in Southeast Asia have been carrying a premium over China since early February.

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