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Thai PE prices move lower to China: trader

by ChemOrbis Editorial Team - content@chemorbis.com
  • 23/06/2015 (12:27)
A trader based in Shanghai reported that they received lower PE prices for Thai origins, attributing the recent reductions to limited demand. The trader received Thai PE offers at $1410/ton for LDPE film, at $1390/ton for LLDPE film and at $1385-1395/ton for HDPE film, all on a CIF China, cash basis.

According to him, these offers indicate week over week decreases of $20/ton for LDPE film, $10/ton for LLDPE film and $15-20/ton for HDPE film.

“We feel that import PE prices will continue to move lower in line with the softening domestic market. We are still maintaining our position on the sidelines as we find the current levels to be too high to accept,” he commented.

In China, overall import PE prices are reported at $1380-1430/ton for LDPE film, at $1290-1390/ton for LLDPE film and at $1330-1400/ton for HDPE film, all on a CIF China, cash equivalent basis.
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