NewsSSESSMENTS: Leading Indonesian Polyolefins Producer Sold LLDPE To China Market

Market sources reported to SSESSMENTS.COM that the leading Indonesian polyolefins producer sold LLDPE Film C4 to the China market. Previously on November 13, a PE producer in Indonesia informed market talks have it that the leading producer offered the grade to China at $850/ton on LC at sight, CIF China Main Port basis. The producer seems very aggressive in selling LLDPE Film C4 to both the local and export markets, the source noted.

On November 15, Chinese players confirmed to SSESSMENTS.COM that the producer managed to conclude deals for LLDPE Film C4 at $820/ton on LC at sight, CIF China Main Port basis. Chinese buyers are not required to pay import duty for LLDPE cargoes from Indonesia.