A Chinese trader shared with SSESSMENTS.COM on the latest local PE and PP prices in the country as of March 24. Compared to the price list received on Monday, March 23, local offers for PE grades surfaced with a reduction of between CNY100-450/ton ($14-63/ton), except for HDPE Blow Moulding, HDPE Film, LDPE Film, and LLDPE Film C4 captured stable. For PP grades, local offers across all grades remain unchanged, except for PP Homo Injection, PP Impact Copolymer, and PP Random Copolymer Injection dropped by CNY200/ton ($28/ton) as compared to the same period.
Offer given for local PE, PP on cash, EXW China basis (CNY term including 13% VAT, all equivalent in USD excluding VAT)
| Origin | Product | March 24, 2020 Price List (CNY/ton) | March 24, 2020 Price List (USD/ton) | Changes From March 23, 2020 (CNY/ton) |
|---|---|---|---|---|
| China | HDPE Blow Moulding | 7,100 | 885 | No Changes |
| China | HDPE Cable | 7,350 | 916 | -100 |
| China | HDPE Film | 7,100 | 885 | No Changes |
| China | HDPE Injection | 6,700-7,400 | 835-922 | -100 |
| China | HDPE Pipe | 7,150-7,350 | 891-916 | -100 to -450 |
| China | HDPE Yarn | 6,900 | 860 | -100 |
| China | LDPE Film | 7,350-8,000 | 916-997 | No Changes |
| China | LLDPE Film C4 | 6,600-6,700 | 822-835 | No Changes |
| China | BOPP | 6,700 | 835 | No Changes |
| China | PP Homo Fiber | 7,550 | 941 | No Changes |
| China | PP Homo Injection | 6,800-7,300 | 847-910 | -200 |
| China | PP Homo Raffia | 6,600-7,000 | 822-872 | No Changes |
| China | PP Impact Copolymer | 7,200-7,350 | 897-916 | -200 |
| China | PP Random Copolymer Injection | 7,950-8,500 | 991-1,059 | -200 |
