A global trading house contacted by SSESSMENTS.COM informed about the latest deals for Indian PE cargoes and the current import parity for dutiable PP cargoes. As reported, import parity for dutiable PP cargoes is only at $720/ton at the moment. Further added, the trader also heard that the leading Indonesian polyolefins producer has sold PP Homo Raffia to China market at $770/ton on LC at sight, CIF China main port basis.
While for PE, the leading Indian petrochemical producer has been selling a lot of LLDPE Film C4 cargoes between $690-700/ton on LC at sight, CIF China main port basis. In the days to come, the outlook for PE and PP prices will remain bearish as the Coronavirus outbreak across the world has not been controlled, as stated to SSESSMENTS.COM.
