monthlyssessments-may-china-pe-prices

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Local, localized offers fluctuated following movements in futures market
Demand for PE resins was subdued due to weak sentiment in downstream market
Positive pricing outlook amid firmer crude oil and feedstock prices is clouded by demand

According to SSESSMENTS.COM pricing database, China PE market began trading activities on a positive note after the Labor Day Holiday, beyond players’ expectations which stated prices might move lower due to accumulation of domestic inventory after the holiday. As noted, prices for local and localized cargoes in the first week of May increased between CNY100-500/ton ($14-70/ton) for HDPE grades, CNY100-450/ton ($14-63/ton) for LDPE Film, and CNY250/ton ($35/ton) for LLDPE Film C4. Likewise, import offers for HDPE Film and LLDPE Film C4 cargoes from Thailand and the US went up between $10-20/ton and $20-30/ton respectively. However, the uptrend in local prices could not sustain as sentiment weakened following decreases in futures prices in the second week. In this particular week, week commencing May 11, local and localized Iranian HDPE Film offers decreased between CNY100-150/ton ($14-21/ton) while local LDPE Film and LLDPE Film C4 offers dropped by CNY100/ton ($14/ton). Meanwhile, foreign suppliers maintained their firm offers. Import offers for Thailand HDPE Film remained stable while HDPE Yarn were adjusted up by $10/ton. Similarly, HDPE Film prices from US suppliers moved up by $10/ton citing satisfactory sales. All changes were on week-on-week comparison. For Middle Eastern cargoes, Saudi HDPE Film offers were reportedly stable from offers available two weeks earlier.

Moving to the third week, China's domestic PE market found its momentum again as supported by firmer crude oil and futures prices, as SSESSMENTS.COM noted. Local offers for HDPE Film, LDPE Film, and LLDPE Film C4 moved up between CNY50-100/ton ($7-14/ton), while localized HDPE Film cargoes of Middle Eastern origin remained stable. Meanwhile, import offers showed a mixed trend. Offers for import HDPE Film, LLDPE Film C4, and mLLDPE C6 of Thailand origin increased by $10/ton for July shipment cargoes. For Saudi origin cargoes, prices for HDPE Film and LDPE Film maintained stable, while LLDPE Film C4 edged down by $10/ton. In the final week of May, local offers moved in different directions while import prices captured stable to firmer. In this particular week, local offers for HDPE Film and HDPE Yarn remained stable while a reduction of CNY200/ton ($28/ton) was applied on HDPE Pipe offers. In contrast, local offers for LDPE Film and LLDPE Film C4 were hiked between CNY50-100/ton ($7-14/ton). In the import market, offers for Middle Eastern HDPE Film cargoes were stable to up by $30/ton, LDPE Film cargoes up by $10/ton, and LLDPE Film C4 surged by $10-30/ton. All changes were on a weekly comparison. Meanwhile, import HDPE Film offers from South Korea surged by $60/ton on biweekly comparison, while deals for HDPE Yarn cargoes of the same origin captured $20/ton higher than deals in early May.

In general, demand for PE resins in China during May was considered as subdued since the downstream market has yet to fully recover from the Coronavirus impact. Converters did not show enthusiasm in stocking materials despite the stronger crude oil and futures prices as sales for their end-products to the export market remained sluggish amid pandemic. Likewise, demand for finished products in the domestic market was not strong enough as end-consumers were cautious on their spendings. However, amongst all PE grades, strong demand was seen for HDPE Pipe as supported by infrastructure projects, market sources told SSESSMENTS.COM. On the supply front, digestion rate of inventory of the two leading Chinese polyolefins producers was digested quite fast during May, particularly for the second half of the month. Polyolefins inventory at both producers recorded a reduction of 165,000 tons and 100,000 tons for the third and fourth week of May, respectively. Yet, market sources mentioned that the fast digestion rate was not associated with robust demand but due to maintenance shutdown at the producers’ plants.

On the production sector, market sources informed SSESSMENTS.COM that Zhongtian Hechuang Energy Co Ltd, a joint venture between Sinopec and China Coal Energy Group, experienced an unplanned shutdown at its LDPE plant on May 25 due to technical issues. The plant located in Inner Mongolia, China, with a total capacity of 670,000 tons/year will remain off-line for 28 days.

Looking into June, market players foresee local and import PE prices to be on an upward trajectory on the back of strong energy market and firmer feedstock prices. Crude oil price has been moving higher relentlessly and predicted not to touch a negative territory again amid hopes for extended production cuts. Likewise, ethylene prices were captured moving higher gradually during May. Throughout May, ethylene prices on CFR Northeast Asia basis have been moving up as much as $345/ton, recorded at $718-724/ton on May 29. However, the weak demand from the downstream market might impede the potential rise in prices, SSESSMENTS.COM was told.

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NewsSSESSMENTS: Bullish Sentiment On-Post Labor Day Holiday Triggered Thai PE Producer To Adjust Offers To China

NewsSSESSMENTS: Import PE Cargoes To China Adjusted, Localized Offers Moved Following Futures Market Prices

NewsSSESSMENTS: China PE and PP Market Dragged By Futures Prices Slump And Slow Demand

NewsSSESSMENTS: Following Market Movement, Thai PE Producer Revised PE Prices To China Market

NewsSSESSMENTS: Thai PE Producer Announced July Shipment Offers To China Market

NewsSSESSMENTS: Major Chinese Polyolefins Producers’ Inventory Supports Current PE Price Trend

NewsSSESSMENTS: Futures Price Movements Unable To Boost Buying Sentiment In China PE PP Market, Trader Discloses The Reason

PlantsSSESSMENTS: Zhongtian Hechuang Energy Experienced Unplanned Shutdown At LDPE Plant

<ul><li class="ql-align-justify">Local, localized offers fluctuated following movements in futures market</li><li class="ql-align-justify">Demand for PE resins was subdued due to weak sentiment in downstream market</li><li class="ql-align-justify">Positive pricing outlook amid firmer crude oil and feedstock prices is clouded by demand</li></ul>According to <a href="https://www.ssessments.com/" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">SSESSMENTS.COM</a> pricing database, China PE market began trading activities on a positive note after the Labor Day Holiday, beyond players’ expectations which stated prices might move lower due to accumulation of domestic inventory after the holiday. As noted, prices for local and localized cargoes in the first week of May increased between CNY100-500/ton ($14-70/ton) for HDPE grades, CNY100-450/ton ($14-63/ton) for LDPE Film, and CNY250/ton ($35/ton) for LLDPE Film C4. Likewise, import offers for HDPE Film and LLDPE Film C4 cargoes from Thailand and the US went up between $10-20/ton and $20-30/ton respectively. However, the uptrend in local prices could not sustain as sentiment weakened following decreases in futures prices in the second week. In this particular week, week commencing May 11, local and localized Iranian HDPE Film offers decreased between CNY100-150/ton ($14-21/ton) while local LDPE Film and LLDPE Film C4 offers dropped by CNY100/ton ($14/ton). Meanwhile, foreign suppliers maintained their firm offers. Import offers for Thailand HDPE Film remained stable while HDPE Yarn were adjusted up by $10/ton. Similarly, HDPE Film prices from US suppliers moved up by $10/ton citing satisfactory sales. All changes were on week-on-week comparison. For Middle Eastern cargoes, Saudi HDPE Film offers were reportedly stable from offers available two weeks earlier.Moving to the third week, China's domestic PE market found its momentum again as supported by firmer crude oil and futures prices, as <a href="https://www.ssessments.com/" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">SSESSMENTS.COM</a> noted. Local offers for HDPE Film, LDPE Film, and LLDPE Film C4 moved up between CNY50-100/ton ($7-14/ton), while localized HDPE Film cargoes of Middle Eastern origin remained stable. Meanwhile, import offers showed a mixed trend. Offers for import HDPE Film, LLDPE Film C4, and mLLDPE C6 of Thailand origin increased by $10/ton for July shipment cargoes. For Saudi origin cargoes, prices for HDPE Film and LDPE Film maintained stable, while LLDPE Film C4 edged down by $10/ton. In the final week of May, local offers moved in different directions while import prices captured stable to firmer. In this particular week, local offers for HDPE Film and HDPE Yarn remained stable while a reduction of CNY200/ton ($28/ton) was applied on HDPE Pipe offers. In contrast, local offers for LDPE Film and LLDPE Film C4 were hiked between CNY50-100/ton ($7-14/ton). In the import market, offers for Middle Eastern HDPE Film cargoes were stable to up by $30/ton, LDPE Film cargoes up by $10/ton, and LLDPE Film C4 surged by $10-30/ton. All changes were on a weekly comparison. Meanwhile, import HDPE Film offers from South Korea surged by $60/ton on biweekly comparison, while deals for HDPE Yarn cargoes of the same origin captured $20/ton higher than deals in early May.In general, demand for PE resins in China during May was considered as subdued since the downstream market has yet to fully recover from the Coronavirus impact. Converters did not show enthusiasm in stocking materials despite the stronger crude oil and futures prices as sales for their end-products to the export market remained sluggish amid pandemic. Likewise, demand for finished products in the domestic market was not strong enough as end-consumers were cautious on their spendings. However, amongst all PE grades, strong demand was seen for HDPE Pipe as supported by infrastructure projects, market sources told <a href="https://www.ssessments.com/" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">SSESSMENTS.COM</a>. On the supply front, digestion rate of inventory of the two leading Chinese polyolefins producers was digested quite fast during May, particularly for the second half of the month. Polyolefins inventory at both producers recorded a reduction of 165,000 tons and 100,000 tons for the third and fourth week of May, respectively. Yet, market sources mentioned that the fast digestion rate was not associated with robust demand but due to maintenance shutdown at the producers’ plants.On the production sector, market sources informed<a href="http://ssessments.com/" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(0, 0, 0);"> </a><a href="http://ssessments.com/" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">SSESSMENTS.COM</a> that Zhongtian Hechuang Energy Co Ltd, a joint venture between Sinopec and China Coal Energy Group, experienced an unplanned shutdown at its LDPE plant on May 25 due to technical issues. The plant located in Inner Mongolia, China, with a total capacity of 670,000 tons/year will remain off-line for 28 days. Looking into June, market players foresee local and import PE prices to be on an upward trajectory on the back of strong energy market and firmer feedstock prices. Crude oil price has been moving higher relentlessly and predicted not to touch a negative territory again amid hopes for extended production cuts. Likewise, ethylene prices were captured moving higher gradually during May. Throughout May, ethylene prices on CFR Northeast Asia basis have been moving up as much as $345/ton, recorded at $718-724/ton on May 29. However, the weak demand from the downstream market might impede the potential rise in prices, <a href="https://www.ssessments.com/" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">SSESSMENTS.COM</a> was told. Click below to view related stories and content on China PE market:<a href="https://www.ssessments.com/monthlyssessments-april-china-pe-prices" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">MonthlySSESSMENTS: April China PE Prices</a><a href="https://www.ssessments.com/weeklyssessments-china-pe-prices-week-starting-may-4" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">WeeklySSESSMENTS: China PE Prices Week Starting May 4</a><a href="https://www.ssessments.com/weeklyssessments-china-pe-prices-week-starting-may-11" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">WeeklySSESSMENTS: China PE Prices Week Starting May 11</a><a href="https://www.ssessments.com/weeklyssessments-china-pe-prices-week-starting-may-18" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">WeeklySSESSMENTS: China PE Prices Week Starting May 18</a><a href="https://www.ssessments.com/weeklyssessments-china-pe-prices-week-starting-may-25" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">WeeklySSESSMENTS: China PE Prices Week Starting May 25</a><a href="https://www.ssessments.com/newsssessments-bullish-sentiment-on-post-labor-day-holiday-triggered-thai-pe-producer-to-adjust-offers-to-china" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">NewsSSESSMENTS: Bullish Sentiment On-Post Labor Day Holiday Triggered Thai PE Producer To Adjust Offers To China</a><a href="https://www.ssessments.com/newsssessments-import-pe-cargoes-to-china-adjusted-localized-offers-moved-following-futures-market-prices" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">NewsSSESSMENTS: Import PE Cargoes To China Adjusted, Localized Offers Moved Following Futures Market Prices</a><a href="https://www.ssessments.com/newsssessments-china-pe-and-pp-market-dragged-by-futures-prices-slump-and-slow-demand" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">NewsSSESSMENTS: China PE and PP Market Dragged By Futures Prices Slump And Slow Demand</a><a href="https://www.ssessments.com/newsssessments-following-market-movement-thai-pe-producer-revised-pe-prices-to-china-market" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">NewsSSESSMENTS: Following Market Movement, Thai PE Producer Revised PE Prices To China Market</a><a href="https://www.ssessments.com/newsssessments-thai-pe-producer-announced-july-shipment-offers-to-china-market" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">NewsSSESSMENTS: Thai PE Producer Announced July Shipment Offers To China Market</a><a href="https://www.ssessments.com/newsssessments-major-chinese-polyolefins-producers%E2%80%99-inventory-supports-current-pe-price-trend" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">NewsSSESSMENTS: Major Chinese Polyolefins Producers’ Inventory Supports Current PE Price Trend</a><a href="https://www.ssessments.com/newsssessments-futures-price-movements-unable-to-boost-buying-sentiment-in-china-pe-pp-market-trader-discloses-the-reason" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">NewsSSESSMENTS: Futures Price Movements Unable To Boost Buying Sentiment In China PE PP Market, Trader Discloses The Reason</a><a href="https://www.ssessments.com/plantsssessments-zhongtian-hechuang-energy-experienced-unplanned-shutdown-at-ldpe-plant" rel="noopener noreferrer" target="_blank" style="background-color: rgb(255, 255, 255); color: rgb(17, 85, 204);">PlantsSSESSMENTS: Zhongtian Hechuang Energy Experienced Unplanned Shutdown At LDPE Plant</a>

Transactions for local/localized PE between May 1 to May 8 on cash, EXW China basis (including 13% VAT in CNY terms, excluding VAT in USD terms)

Origin	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton
China	HDPE Blow Moulding	Price List	7,100-7,300	883-908
China	HDPE Film	Offer Given	7,100-7,200	883-896
China	HDPE Film	Price List	7,500	933
Iran	HDPE Film	Offer Given	7,250-7,300	902-908
Iran	HDPE Film	Sold	7,200	896
Saudi	HDPE Film	Sold	6,800	846
China	HDPE Pipe (PE 100)	Price List	8,200-8,500	1,020-1,057
China	HDPE Yarn	Price List	6,900-7,000	858-871
China	LDPE Film	Offer Given	7,200-7,300	896-908
China	LDPE Film	Price List	7,200-7,850	896-976
Qatar	LDPE Film	Sold	7,350-7,450	914-927
China	LLDPE Film C4	Offer Given	6,400-6,550	796-815
China	LLDPE Film C4	Price List	6,550-6,900	815-858

Transactions for import PE between May 1 to May 8 on CIF China Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Payment Term
Middle East	HDPE Blow Moulding	Offer Given	740-750	LC at sight
Middle East	HDPE Blow Moulding	Offer Received	775	LC at sight
Middle East	HDPE Blow Moulding	Purchased	700	LC at sight
North America	HDPE Blow Moulding	Sold	700-715	LC at sight
North America	HDPE Blow Moulding	Sold	700-710	LC 90 days
Far East Asia	HDPE Film	Offer Given	760	LC at sight
Far East Asia	HDPE Film	Sold	760	LC at sight
Middle East	HDPE Film	Offer Given	760-770	LC at sight
Middle East	HDPE Film	Offer Received	750-775	LC at sight
Middle East	HDPE Film	Sold	770	LC at sight
North America	HDPE Film	Offer Received	745-750	LC 90 days
North America	HDPE Film	Purchased	710-730	LC 90 days
North America	HDPE Film	Sold	730	LC at sight
North America	HDPE Film	Sold	700-720	LC 90 days
Southeast Asia	HDPE Film	Offer Given	810	LC at sight
Middle East	HDPE Pipe Black (100)	Bid Given	850	LC at sight
Middle East	HDPE Pipe Black (100)	Offer Received	980	LC at sight
Middle East	HDPE Pipe Black (100)	Sold	980	LC at sight
Far East Asia	HDPE Yarn	Offer Received	770-790	LC at sight
Southeast Asia	HDPE Yarn	Offer Given	780	LC at sight
Indian Subcontinent	LDPE Film	Offer Given	810	LC at sight
Indian Subcontinent	LLDPE Film C4	Offer Given	720	LC at sight
North America	LLDPE Film C4	Offer Received	720	LC 90 days
North America	LLDPE Film C4	Sold	690	LC at sight
Southeast Asia	LLDPE Film C4	Offer Given	790-800	LC at sight
Southeast Asia	LLDPE Film C4	Offer Received	790	LC at sight

Transactions for local/localized PE between May 11 to May 15 on cash, EXW China basis (including 13% VAT in CNY terms, excluding VAT in USD terms)

Origin	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton
China	HDPE Blow Moulding	Price List	7,100-7,300	883-908
USA	HDPE Blow Moulding	Offer Given	6,650	827
China	HDPE Film	Offer Given	7,000-7,300	871-908
China	HDPE Film	Price List	7,600	945
Iran	HDPE Film	Offer Given	7,200-7,300	896-908
Middle East	HDPE Film	Offer Given	7,400-7,500	920-933
China	HDPE Pipe (PE 100)	Offer Given	8,200-8,300	1,020-1,032
China	HDPE Pipe (PE 100)	Price List	8,700-8,800	1,082-1,095
China	HDPE Yarn	Price List	6,800-7,000	846-871
China	LDPE Film	Offer Given	7,100-7,450	883-927
China	LDPE Film	Price List	7,000-7,700	871-958
India	LDPE Film	Offer Given	7,100-7,200	883-896
Iran	LDPE Film	Offer Given	7,000	871
Middle East	LDPE Film	Offer Given	7,800	970
China	LLDPE Film C4	Offer Given	6,400-6,650	796-827
China	LLDPE Film C4	Price List	6,400-6,800	796-846
Iran	LLDPE Film C4	Offer Given	6,400-6,500	796-809
Malaysia	LLDPE Film C4	Offer Given	6,350-6,400	790-796
Middle East	LLDPE Film C4	Offer Given	6,800-6,820	846-848
South Korea	LLDPE Film C4	Offer Given	6,700-6,750	833-840
China	LLDPE Film C4 (CTO)*	Offer Given	6,300-6,450	784-802

Description: *CTO = coal-based materials

Transactions for import PE between May 11 to May 15 on CIF China Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)	Payment Term
Middle East	HDPE Blow Moulding	Offer Given	810	LC at sight
Middle East	HDPE Blow Moulding	Offer Received	740-750	LC at sight
Middle East	HDPE Blow Moulding	Sell Idea	770	LC at sight
Middle East	HDPE Film	Offer Given	760-820	LC at sight
Middle East	HDPE Film	Offer Received	735-760	LC at sight
North America	HDPE Film	Offer Received	755	LC 90 days
Southeast Asia	HDPE Film	Offer Given	810	LC at sight
Southeast Asia	HDPE Film	Offer Received	775-820	LC at sight
Southeast Asia	HDPE Film	Sold	810	LC at sight
Middle East	HDPE Pipe (PE 100)	Offer Given	870	LC at sight
Southeast Asia	HDPE Yarn	Offer Received	775-790	LC at sight
Indian Subcontinent	LDPE Film	Offer Given	800	LC at sight
Middle East	LDPE Film	Offer Given	820-860	LC at sight
Middle East	LDPE Film	Offer Received	820-860	LC at sight
Southeast Asia	LDPE Film	Offer Received	900	LC at sight
Indian Subcontinent	LLDPE Film C4	Offer Given	700	LC at sight
Middle East	LLDPE Film C4	Offer Given	730-780	LC at sight
Middle East	LLDPE Film C4	Offer Received	740-780	LC at sight
North America	LLDPE Film C4	Offer Received	730-740	LC 90 days
Southeast Asia	LLDPE Film C4	Offer Given	790	LC at sight
Southeast Asia	LLDPE Film C4	Offer Received	800	LC at sight
Southeast Asia	mLLDPE C6	Offer Given	900-920	LC at sight
Southeast Asia	mLLDPE C6	Offer Received	920*-1,015	LC at sight
Southeast Asia	mLLDPE C6	Sold	900	LC at sight

Description: *Offers before adjustment **Offers after adjustment

Transactions for local/localized PE between May 18 to May 22 on cash, EXW China basis (including 13% VAT in CNY terms, excluding VAT in USD terms)

Origin	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton
China	HDPE Blow Moulding	Price List	7,100-7,300	883-908
Russia	HDPE Blow Moulding	Offer Given	6,150	765
China	HDPE Film	Offer Given	7,100-7,200	883-896
China	HDPE Film	Price List	7,400	920
Iran	HDPE Film	Offer Given	7,200-7,400	896-920
Kuwait	HDPE Film	Offer Given	7,450	927
Malaysia	HDPE Film	Offer Given	7,350	914
China	HDPE Pipe (PE 100)	Price List	8,800	1,095
China	HDPE Yarn	Price List	6,800-7,000	846-871
India	HDPE Yarn	Offer Given	7,100	883
South Korea	HDPE Yarn	Offer Given	7,100	883
China	LDPE Film	Offer Given	7,350-7,550	914-939
China	LDPE Film	Price List	7,000-7,650	871-952
Iran	LDPE Film	Offer Given	7,500	933
China	LDPE Film (CTO)*	Sold	7,350-7,480	914-930
China	LLDPE Film C4	Offer Given	6,450-6,650	802-827
China	LLDPE Film C4	Price List	6,500-6,700	809-833
China	LLDPE Film C4	Sold	6,450	802
Malaysia	LLDPE Film C4	Offer Given	6,800	846

Description: *CTO = coal-based materials

Transactions for import PE between May 18 to May 22 on LC at sight, CIF China Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Qatar	HDPE Blow Moulding	Offer Given	840
Qatar	HDPE Blow Moulding	Offer Received	780-840
USA	HDPE Blow Moulding	Offer Received	750
India	HDPE Film	Offer Received	795
Qatar	HDPE Film	Offer Given	810
Qatar	HDPE Film	Offer Received	790-810
Saudi	HDPE Film	Offer Given	820
Saudi	HDPE Film	Offer Received	750-820
Thailand	HDPE Film	Offer Given	820-870
Thailand	HDPE Film	Sold	820
USA	HDPE Film	Offer Received	720
India	HDPE Pipe (PE 100)	Offer Received	890
South Korea	HDPE Pipe (PE 100)	Offer Given	850-860
South Korea	HDPE Pipe (PE 100)	Sold	850-860
Thailand	HDPE Pipe (PE 100)	Offer Given	950
Saudi	HDPE Pipe Black (100)	Offer Received	990*
India	HDPE Yarn	Offer Given	810
India	HDPE Yarn	Offer Received	790
South Korea	HDPE Yarn	Offer Given	810
Thailand	HDPE Yarn	Offer Given	790-800
Uzbekistan	HDPE Yarn	Sold	770
Qatar	LDPE Film	Offer Given	830
Qatar	LDPE Film	Offer Received	830
Saudi	LDPE Film	Offer Given	860
Saudi	LDPE Film	Offer Received	840-860
India	LLDPE Film C4	Offer Received	765-775
Qatar	LLDPE Film C4	Offer Given	770
Qatar	LLDPE Film C4	Offer Received	770
Saudi	LLDPE Film C4	Offer Given	770-780
Saudi	LLDPE Film C4	Offer Received	770
Thailand	LLDPE Film C4	Offer Given	800
Thailand	LLDPE Film C4	Offer Received	800
Thailand	LLDPE Film C4	Sold	800
USA	LLDPE Film C4	Offer Received	720-740
Thailand	mLLDPE C6	Offer Given	930
Thailand	mLLDPE C6	Sold	930

Description: *Offers on LC 90 days

Transactions for local/localized PE between May 25 to May 29 on cash, EXW China basis (including 13% VAT in CNY terms, excluding VAT in USD terms)

Origin	Product	Transaction Type	Offers (CNY/ton)	Equivalent in USD/ton
China	HDPE Blow Moulding	Offer Given	7,100	883
China	HDPE Blow Moulding	Price List	7,100-7,400	883-920
China	HDPE Film	Offer Given	7,200-7,400	896-920
China	HDPE Film	Price List	7,400-7,500	920-933
Malaysia	HDPE Film	Offer Given	7,200-7,300	896-908
Middle East	HDPE Film	Offer Given	7,400-7,500	920-933
Russia	HDPE Film	Offer Given	6,800	846
China	HDPE Pipe (PE 100)	Price List	8,200-8,400	1,020-1,045
China	HDPE Yarn	Price List	6,900-7,000	858-871
China	LDPE Film	Offer Given	7,150-7,700	889-958
Middle East	LDPE Film	Offer Given	7,500-7,600	933-945
China	LDPE Film (CTO)*	Sold	7,300	908
China	LLDPE Film C4	Offer Given	6,500-6,750	809-840
China	LLDPE Film C4	Price List	6,650-6,750	827-840
China	LLDPE Film C4 (CTO)*	Sold	6,450	802

Description: *CTO = coal-based materials

Transactions for import PE between May 25 to May 29 on LC at sight, CIF/CFR China Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Middle East	HDPE Blow Moulding	Offer Given	750-820
Far East Asia	HDPE Film	Offer Given	820
Middle East	HDPE Film	Offer Given	780-820
Middle East	HDPE Film	Offer Received	760-830
North America	HDPE Film	Offer Given	760
North America	HDPE Film	Sold	755-760
Middle East	HDPE Pipe Black(100)	Offer Received	1,050-1,080
Far East Asia	HDPE Yarn	Sold	810*
Middle East	LDPE Film	Offer Given	820-850
Middle East	LDPE Film	Offer Received	820-870
Indian Subcontinent	LLDPE Film C4	Offer Given	750-770
Middle East	LLDPE Film C4	Offer Given	750-770
Middle East	LLDPE Film C4	Offer Received	760-820
Middle East	LLDPE Film C4	Purchased	760
Southeast Asia	mLLDPE C6	Offer Given	930

Description: *Offers on LC 90 days

Tags: Asia Pacific,China,English,Monthly,NEA,PE

Published on June 4, 2020 10:47 AM (GMT+8)
Last Updated on June 4, 2020 10:47 AM (GMT+8)

MonthlySSESSMENTS: May China PE Prices

Author: SSESSMENTS

MonthlySSESSMENTS: May China PE Prices

Author: SSESSMENTS

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