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Mid-Eastern producer reduces Dec LDPE, LLDPE prices to SEA

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/11/2014 (15:02)
A Middle Eastern producer has announced decreases on their December prices for LDPE and LLDPE to Southeast Asia following similar decreases from other major overseas suppliers. The producer reduced their prices by $60/ton and is now offering LDPE and LLDPE film at $1450-1460/ton CIF SEA, cash.

"We have not seen any real improvement in sales even after our price reductions and buyers are mostly placing bids at around $1400/ton. We are running our plant at normal rates and are trying to convince some of our customers to accept additional quantities," a producer source commented.

Import prices currently stand at $1440-1530/ton for LLDPE film and at $1450-1530/ton for LDPE film, both on a CIF SEA, cash equivalent basis.
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