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SE Asian producer cuts Sept PP, PE prices

by ChemOrbis Editorial Team -
  • 18/08/2016 (10:02)
A trader in Singapore reported that a Southeast Asian producer has revised its September prices down by $30/ton for HDPE, by $50/ton for LDPE and by $70/ton for homo-PP compared to the previous month.

The producer’s new prices currently stand at $1200/ton for LDPE film, $1150/ton for HDPE film, $1070/ton for PP raffia and at $1120/ton for PP block copolymer injection, all on a DAP Singapore, cash basis.

An end product manufacturer in the Philippines reported receiving HDPE film offers with a monthly decrease of $30/ton from the Southeast Asian producer. “Demand for our end products is sluggish and that is the reason why we do not want to buy in large quantities. We attribute the downturn in demand to the rainy season and ghost month. However, we expect prices to pick up in September-October period,” the manufacturer said.
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