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Mid-Eastern producer lowers Jan LDPE, LLDPE prices to SEA

by ChemOrbis Editorial Team -
  • 17/12/2014 (14:41)
A Middle Eastern producer has implemented decreases on their January LDPE and LLDPE prices to Southeast Asia, with a producer source commenting that demand is absent ahead of the year-end holiday season.

The producer reduced their prices by $170/ton from end November and is now offering LDPE and LLDPE film at $1280/ton CIF SEA, cash. They also revealed HDPE film offers for January shipment at $1300/ton with the same terms.

A source from the producer stated, “Buying interest has not shown any sign of revival despite our recent reduction. We are not feeling optimistic regarding the near term outlook.”

Import prices currently stand at $1280-1370/ton for LDPE film and at $1070-1380/ton for LLDPE film, both on a CIF SEA, cash equivalent basis.
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