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SEA producer announces Feb PP, PE prices to regional markets

by ChemOrbis Editorial Team -
  • 20/01/2016 (11:04)
A source from a Southeast Asian producer reported that they announced their February PP and PE prices to the regional markets with rollovers for PP and HDPE while they issued an increase of $20/ton on their LDPE offers when compared to their January levels. The source attributed their LDPE hike to relatively tighter supplies for this product.

The producer’s new prices stand at $980/ton for PP block copolymer injection, at $1140/ton for LDPE film and at $1120/ton for HDPE film, all on a CIF SEA, cash basis.

The source commented, “Demand was doing okay until crude oil prices witnessed significant decreases last week. Asian ethylene also followed the recent crude oil drops. However, demand for LDPE is relatively better when compared to HDPE.”

In Southeast Asia, overall import homo-PP prices currently stand at $830-880/ton on a CIF SEA, cash equivalent basis while import PE prices stand at $1115-1140/ton for LDPE film and at $1050-1120/ton for HDPE film with the same terms.
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