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Local PE prices move lower in China

by ChemOrbis Editorial Team -
  • 03/06/2015 (14:54)
According to a trader based in Shanghai, LDPE and LLDPE film prices moved lower in China’s local market as supplies are ample due to the recent arrival of some import cargoes while demand is said to be sluggish in the face of the off season.

“We see more offers for locally-held cargoes this week and this is exerting some downward pressure on the local market,” the trader commented.

Domestic prices currently stand at CNY11050-11450/ton ($1551-1607/ton) for LDPE film and at CNY9600-10650/ton ($1347-1495/ton without VAT) for LLDPE film whereas locally-held imports are being quoted at CNY10200-11300/ton ($1432-1586/ton without VAT) for LDPE film and at CNY9550-10800/ton ($1340-1516/ton without VAT) for LLDPE film, all on an ex-warehouse China, cash equivalent basis.
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