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Local PP, PE prices open the week on a firm note in China

by ChemOrbis Editorial Team - content@chemorbis.com
  • 14/06/2016 (15:49)
In China, players commented that local PP and PE prices are starting the week on a firm note owing to firmer future prices and concerns about supply limitations stemming from the upcoming G20 summit.

A producer attributed price increases to firmer upstream costs and reduced availability in the market while adding, “We feel that the up-tick in the market will be temporary and that the market will shift direction again later in the month. We do not expect a major impact from the G20 summit as players will have time to prepare for the planned shutdowns.”

A trader said that PE prices also follow a stable to slightly firm trend due to the same reasons. “LDPE prices firm up more than HDPE and LLDPE as LDPE supply moving down due to a maintenance work at a local producer’s plant” said the trader.
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