- Central Asia origin $700-710/ton
- Middle East origin $730-800/ton
- Southeast Asia origin $720-800/ton
Comments by market players on HDPE Film as follows:
“Some traders are attempting to raise their offers for local and localized cargoes in line with upward momentum in the futures market. As compared to Sunday’s level (April 26), we initiated a price increase of CNY50-100/ton ($7-14/ton) for localized Russian and Malaysian HDPE Film cargoes. The latest offers for both grades are available at CNY6,500/ton ($916/ton) and CNY6,450/ton ($909/ton) respectively on cash, EXW China basis and including 13% VAT. As Labor Day holiday draws closer, some converters have started replenishing stocks. However, most are not willing to purchase in bulk due to slow demand from end-users,” a local trader in China informed SSESSMENTS.COM on Monday, April 27.
“In the domestic market, we maintain stable offer level for local HDPE Film cargoes as compared to last week’s level as holiday mood kicks in, ranging between CNY7,150-7,250/ton ($1,008-1,022/ton) on cash, EXW China basis and including 13% VAT. From the import market, the leading Saudi polyolefins producer and a Qatari PE producer have reportedly sold out May shipment allocation or closed offers in the week ending April 24. These producers are planning to release fresh offers on post-Labor Day Holiday in China, which falls on May 1-5,” a global trading house reported.
“As for Far East Asia origin, a South Korean producer has announced fresh offers this week. As compared to the previous week, the producer initiated a price increase of $30/ton for HDPE Film. The latest offers are available at $750/ton on LC at sight, CIF China Main Port basis. To date, the producer has managed to sell some volume at $740/ton on LC 90 days, CIF China Main Port basis, or $10/ton lower than the initial offer level,” a source close to the producer mentioned on April 28 .
“We have announced fresh offers to the China market this week. For HDPE Film, we are offering the materials at $800/ton, or $20/ton higher than offer level available in the previous week. All offers are on LC at sight, CIF China Main Port basis,” a Thai PE producer informed.
“As of Thursday morning, April 30, the inventory level of the two leading Chinese polyolefins producers accumulated to 795,000 million tons, an increase of 20,000 tons compared to Wednesday’s level. When compared to Monday’s level, it showed a reduction of 5,000 tons,” market sources in China reported to SSESSMENTS.COM.
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