S Korean PPH, HDPE film offers rattle China markets
by ChemOrbis Editorial Team - content@chemorbis.com
Chinese polyolefin players have reported receiving competitive offers from South Korean suppliers, who have been standing out with their aggressive offers across Asia recently due to year-end destocking. China remained as the major PP and PE buyer of South Korean exports during most of 2021, although the total volumes indicated some decreases on a year-over-year comparison.
A Chinese trader reported concluding a deal for South Korea origin raffia at $1080/ton CIF, cash basis. The low end of the weekly import range for overall origins was formed by this deal along with offers for Indian cargoes.
The overall range for import homo-PP raffia and inj. offers in China was assessed at $1080-1120/ton CIF China, cash, meanwhile.
Another Chinese trader also reported offering South Korean HDPE film at a competitive price range of $1070-1080/ton CIF China, cash. This level was not included in the weekly price assessments as they were way below the prevailing market prices.
The overall import HDPE prices in China was assessed at $1100-1170/ton for HDPE film, CIF China, cash basis.
A Chinese trader reported concluding a deal for South Korea origin raffia at $1080/ton CIF, cash basis. The low end of the weekly import range for overall origins was formed by this deal along with offers for Indian cargoes.
The overall range for import homo-PP raffia and inj. offers in China was assessed at $1080-1120/ton CIF China, cash, meanwhile.
Another Chinese trader also reported offering South Korean HDPE film at a competitive price range of $1070-1080/ton CIF China, cash. This level was not included in the weekly price assessments as they were way below the prevailing market prices.
The overall import HDPE prices in China was assessed at $1100-1170/ton for HDPE film, CIF China, cash basis.
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