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Philippine’s JG Summit starts offering LLDPE

by ChemOrbis Editorial Team -
  • 12/11/2014 (17:49)
Philippine’s JG Summit has started to give LLDPE offers to both local and overseas markets, according to a source close to the company. He added that the producer is reportedly increasing their operating rates gradually.

In the local market, the producer is now offering their LLDPE and HDPE film cargoes at PHP90000/ton FD Philippines, cash ($1787/ton without VAT) while in the Southeast Asian markets, they reportedly concluded LLDPE film deals at $1530/ton CIF SEA, cash.

JG Summit owns a 320,000 tons/year HDPE/LLDPE swing plant at their Batangas petrochemical complex.
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