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Trader: Middle Eastern producer steps back on LLDPE prices to SEA

by ChemOrbis Editorial Team -
  • 16/05/2016 (17:25)
According to an agent of the producer, a Middle Eastern major has stepped back on their LLDPE prices to SEA owing to unresponsive demand. “Our supplier had initially offered $1270/ton but has now lowered their offers to $1220/ton CIF SEA, cash after their initial prices met with resistance from buyers. Demand is limited these days as most buyers are reluctant to purchase beyond their immediate needs,” the trader commented.

Import LLDPE prices in SEA currently stand at $1170-1230/ton on a CIF, cash equivalent basis.
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