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Turkey's and SE Asia’s import LDPE markets at a record discount to China

by ChemOrbis Editorial Team -
  • 12/12/2016 (04:44)
Data from ChemOrbis Price Index reveals that both Turkey’s and Southeast Asia’s import LDPE markets have been traded significantly below import levels in China for the last couple of months. This is due to the fact that the Chinese market increased too much significantly in the recent months due to tight supplies, particularly from Iran, and good demand while the increasing trend was limited in Turkey and Southeast Asia in the face of lack of support from the demand side.

Based on ChemOrbis data, Turkey’s import LDPE film market has been traded below the Chinese market since the second half of October, with the gap between the two markets is currently standing at $133/ton. Last week, it was standing at a record high of $154/ton. As it can be seen in the below graph, in 2013 and 2014, a similar situation was observed with a respective discount of $140/ton and $120/ton, yet the gap was not as wide as today.

Southeast Asia’s import LDPE market has been experiencing a similar situation since the end of China’s National Day holidays. According to data, China’s LDPE film market is currently carrying a premium of $63/ton over the Southeast Asian LDPE markets while the gap had reached a record high of $96/ton three weeks ago. The graph also shows that this is the longest period that Southeast Asia is traded below China since 2008 when ChemOrbis began keeping records.

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