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More PE prices show up in Italy’s import market

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/07/2015 (17:45)
In Italy, more PE prices showed up in the import market last week while sentiment remains weak ahead of the anticipated decreases for the upcoming month given lower spot ethylene and naphtha costs. These import offers are mostly competitive compared to the local market, where spot PE prices were quoted at €1500-1620/ton for LDPE, at €1520-1620/ton for LLDPE and at €1540-1620/ton for HDPE FD Italy, 60 days last week.

Qatari LDPE and HDPE film for August delivery were dealt at €1365-1370/ton DDP equivalent, including 6.5% customs duty, 60 days.This level comes to $1370/ton on a CIF equivalent basis, subject to 6.5% customs duty.

Some deals were concluded for Saudi Arabian LLDPE and HDPE film with delivery in end-July in the range of €1385-1520/ton DDP equivalent, including 6.5% customs duty, 60 days. On a CIF equivalent basis, this level comes to around $1390-1530/ton.

Iranian LLDPE was offered at €1415/ton DDP equivalent, including 6.5% customs duty, 60 days deferred payment and at around $1420/ton on a CIF basis.

Turkish LDPE offers emerged at €1480/ton DDP, 60 days, which equals around $1585/ton on a CIF basis.

South Korean HDPE film for end August delivery was sold at $1370/ton CIF, 60 days, which comes to a quite competitive level of around €1300/ton on a DDP basis.
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