- Middle East origin $740-760/ton
- North America origin $690-730/ton
- Southeast Asia origin $740-800/ton
Comments by market players on HDPE Film market as follows:
“We received May shipment offers for HDPE Film from a Malaysian producer at $760/ton on LC at sight, CIF Philippines Main Port basis. Compared to a month ago, the offers decreased by $120/ton. However, we have not decided yet whether to proceed with procurement or not as the customers could not request for the delivery to be delayed. Regarding the lockdown, we think there is a possibility that it will be extended until mid-May as the number of new Coronavirus cases in a day remains high,” a Philippines converter reported to SSESSMENTS.COM on April 16.
“On April 13, we received Malaysian HDPE Film offers at $770/ton on LC at sight, CIF Vietnam Main Port basis, which is $30/ton higher on a weekly comparison following the uptrend in China market. The producer decided to raise the offers to test the market reaction. However, we decided not to make procurement as the offers are too high and we prefer to wait for May shipment offers from Middle Eastern producers to come out first. Unless there is a supplier willing to sell HDPE Film at below $700/ton-level, we might consider taking some volume,” a Vietnamese converter stated.
“We decided to keep the PE offers to Indonesia market stable on a weekly comparison at $740/ton on LC at sight, CIF Indonesia Main Port basis. Most buyers express buy idea at below $700/ton-level. As the Indonesia market is very quiet due to the large-scale social restrictions, we are considering moving allocation to China for a better margin. However, we will need to monitor the market development first,” a Thai PE producer told SSESSMENTS.COM.
“For May shipment, the offers to Southeast Asia market will remain slightly lower compared to China market, however, we did not have any firm idea for the offers yet. Although customers are asking whether we have cargoes for immediate delivery or not, we believe that most of them are just checking the prices, no intention to purchase,” a Middle Eastern PE producer commented.
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