- Price movements in Q2 hinged on supply shortage, firmer energy market
- Downstream demand was generally on a bearish tone
- Rising fears amid the second wave of Coronavirus outbreak hit market sentiment
As the Coronavirus started sweeping around the globe earlier this year, this pandemic has caused devastating ripple effects and significant disruptions to China polymers industry, which potentially outlast direct disruption of the economy. During the second quarter of 2020, SSESSMENTS.COM pricing database showed that China’s domestic and import PE prices were primarily taking its cues from crude oil prices as the pandemic crisis continued to be a threat which could hurt fuel demand. In April, Coronavirus pandemic and Saudi-Russia oil price war delivered a one-two punch for local prices. In the first week of April, most sellers quoted higher offers for PE grades to the domestic market, with a range of increase between CNY300-600/ton ($42-85/ton) week by week, buoyed by rising crude oil and futures prices. However, the uptrend was short-lived as there was no strong demand fundamental to support any form of price increases. In the second half of April, China’s domestic PE prices were mostly captured on a downtrend, with a total reduction of between CNY200-300/ton ($28-42/ton) amid a hammering of markets by pandemic crisis and a sharp slump in crude oil prices to historic lows. From the import market, import PE prices in China went on a rollercoaster ride, with price trends shifted in the same direction with the domestic market trend.
In May, SSESSMENTS.COM was informed that local PE offers in China showed different trends each week. In the first week of the month, China PE market began trading activities on a positive note after the Labor Day Holiday (May 6), beyond players’ expectations which stated that a possible bump in supply could have a dampening effect on the rally. On a weekly basis, local offers for PE grades were mostly up by CNY100-450/ton ($14-64/ton). However, the uptrend in local prices could not sustain as sentiment weakened in response to a sharp downturn in the futures market in the second week. Moving to the third week, China's domestic PE market found its momentum again as supported by firmer crude oil and futures prices, with a range of increase between CNY50-100/ton ($7-14/ton) week by week. From the import market, China’s import PE prices in May gained a cumulative increase of between $10-60/ton. Despite crude oil prices bouncing up from the historic lows in April, most converters in China were unwilling to build inventory, mainly due to a huge drop in demand in domestic and export destination countries driven by Coronavirus fears.
China’s domestic and import PE prices gained some strength in June, finding support from rising feedstock prices, coupled with tight availability of spot cargoes. In the first week of the month, local and localized Saudi PE cargoes across all grades were higher between CNY50-200/ton ($7-28/ton) from a week earlier. For the second and third week of June, China’s domestic PE offers were largely stable as supported by relatively tight domestic supply and firmer feedstock prices, while offers for localized HDPE Film and LDPE Film cargoes from Iran edged down between CNY50-100/ton ($7-14/ton) in the second week. By the final week of June, local and localized PE prices captured on an upward trajectory, with a range of increase between CNY50-100/ton ($7-14/ton) over the same period amid supply disruptions from Iran, a key PE supplier to China, coupled with a relentless rally in the energy market. From the import market, July shipment offers from a Middle Eastern and South Korean producer surfaced with a significant increase as much as $50-100/ton on a monthly basis. Considering import offers as unattractive, buyers were turning to the domestic market to find the materials.
Market sources shared with SSESSMENTS.COM that the China PE market continued to face severe headwinds in the second quarter of 2020, with Coronavirus still dominating as a key factor in the market. China, one of the world's biggest polymers markets, continued to face unprecedented challenges due to the virus outbreak despite the country having successfully flattened its curve. As the number of new infections in China dropped sharply, China started to walk the tightrope out of Coronavirus lockdown. Businesses were slowly resuming operations in early April after the months-long lockdowns brought the economy into a screeching halt. Even though the country was taking a gradual approach to lift restrictions, buyers in China preferred to source the materials on a hand-to-mouth basis and adopted a wait-and-see stance amidst tepid end-product demand and pessimistic economic conditions. Besides, most buyers anticipated greater falls in prices as crude oil prices remained stuck at record lows. In May, downstream PE consumption in China has not yet to show signs of a rebound from the fallout from the Coronavirus outbreak despite a sharp rebound in crude oil prices. In June, concerns over the second wave of Coronavirus infections hit China’s economy, which forced the government to reinstate some anti-epidemic controls. Considering a flare-up in Coronavirus cases and relentless rally in crude oil prices, buyers in China started showing a stiff resistance toward higher offers. In the final week of June, activity in the China market was quiet, with limited spot trades taking place as the majority of market players were away from their desks for the Dragon Boat Festival holiday (June 25-27).
Supply in China’s domestic PE market remained tight since mid-May as Chinese suppliers started selling allocations to overseas markets, coupled with the slew of turnarounds scheduled at local plants. For most of the quarter, most downstream factories were scrambling to maintain their operating rate at normal levels due to weak end-user demand for end-products amid prolonged pandemic disruptions. On plant news, 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 was shut for around 28 days. Meanwhile, China’s Fujian Refining & Petrochemical Company Limited (FREP) brought its LLDPE line no. 1 off-stream on May 11 for an unknown reason. The source added that the line with a production capacity of 450,000 tons/year was shut for around six days.
Entering the third quarter of 2020, market players contacted by SSESSMENTS.COM believe that there would be room for PE prices to continue to move higher on the back of rising feedstocks prices and limited spot cargoes, but gains are likely to be capped by lower demand growth as the market is entering seasonal lull in July.
Range of local/localized PE transactions in April on cash, EXW China basis (CNY terms include 13% VAT, all equivalent in USD excludes VAT)
| Origin | Product | Transaction Type | Offers (CNY/ton) | Equivalent in USD/ton |
|---|
| China | HDPE Blow Moulding | Price List | 6,400-7,400 | 807-933 |
| Serbia | HDPE Blow Moulding | Offer Received | 6,650* | 838 |
| China | HDPE Film | Offer Given | 6,400-7,300 | 807-920 |
| China | HDPE Film | Price List | 6,800-7,900 | 857-996 |
| Indonesia | HDPE Film | Offer Received | 7,200 | 908 |
| Iran | HDPE Film | Offer Given | 6,800-7,100 | 857-895 |
| Malaysia | HDPE Film | Offer Given | 6,500-7,400 | 820-933 |
| Middle East | HDPE Film | Offer Given | 7,200-7,500 | 908-946 |
| Russia | HDPE Film | Offer Given | 6,450 | 813 |
| Russia | HDPE Film | Offer Received | 7,300 | 920 |
| South Korea | HDPE Film | Offer Given | 7,100-7,550 | 895-952 |
| South Korea | HDPE Film | Offer Received | 7,400 | 933 |
| Taiwan | HDPE Film | Offer Given | 7,000-7,250 | 882-914 |
| Thailand | HDPE Film | Offer Given | 7,350 | 927 |
| Ukraine | HDPE Film | Offer Received | 6,650* | 838 |
| China | HDPE Pipe (PE 100) | Price List | 7,000-8,300 | 882-1,046 |
| Europe | HDPE Pipe (PE 100) | Offer Received | 7,650* | 964 |
| Taiwan | HDPE Pipe (PE 100) | Offer Given | 8,250-8,300 | 1,040-1,046 |
| China | HDPE Yarn | Offer Given | 6,600-7,300 | 832-920 |
| China | HDPE Yarn | Price List | 6,400-7,500 | 807-946 |
| South Korea | HDPE Yarn | Offer Given | 7,700 | 971 |
| China | LDPE Film | Offer Given | 6,800-8,200 | 857-1,034 |
| China | LDPE Film | Price List | 6,800-8,100 | 857-1,021 |
| Malaysia | LDPE Film | Offer Given | 7,300-7,550 | 920-952 |
| Middle East | LDPE Film | Offer Given | 7,500-7,600 | 946-958 |
| Qatar | LDPE Film | Offer Given | 7,500 | 946 |
| Saudi | LDPE Film | Offer Given | 7,400-8,000 | 933-1,009 |
| China | LDPE Film (CTO)** | Sold | 7,100-7,300 | 895-920 |
| China | LLDPE Film C4 | Offer Given | 5,600-7,400 | 706-933 |
| China | LLDPE Film C4 | Price List | 5,950-7,500 | 750-946 |
| Iran | LLDPE Film C4 | Offer Given | 6,400 | 807 |
| Saudi | LLDPE Film C4 | Offer Given | 6,500-7,000 | 819-882 |
| China | LLDPE Film C4 (CTO)** | Sold | 6,215 | 784 |
| China | mLLDPE C6 | Offer Given | 7,200-7,800 | 908-983 |
| Indonesia | mLLDPE C6 | Offer Given | 6,700-6,800 | 845-857 |
Description: *Offers on TT payment term **CTO = coal-based materials
Range of import PE transactions in April on CIF China Main Port basis
| Origin | Product | Transaction Type | Offers (USD/ton) | Payment Term |
|---|
| Central Asia | HDPE Blow Moulding | Offer Received | 650-720 | TT |
| Central Asia | HDPE Blow Moulding | Offer Received | 690-715 | LC at sight |
| Middle East | HDPE Blow Moulding | Offer Given | 760 | LC at sight |
| North America | HDPE Blow Moulding | Sold | 700-730 | LC at sight |
| North America | HDPE Blow Moulding | Sold | 700-710 | LC 90 Days |
| Central Asia | HDPE Film | Offer Received | 680-710 | TT |
| Central Asia | HDPE Film | Offer Received | 700-730 | LC at sight |
| Europe | HDPE Film | Sold | 680 | LC at sight |
| Far East Asia | HDPE Film | Bid Given | 710 | LC at sight |
| Far East Asia | HDPE Film | Offer Given | 720 | LC at sight |
| Far East Asia | HDPE Film | Offer Given | 750 | LC 90 Days |
| Far East Asia | HDPE Film | Offer Received | 650-760 | LC at sight |
| Far East Asia | HDPE Film | Sold | 700-780 | LC at sight |
| Far East Asia | HDPE Film | Sold | 740 | LC 90 Days |
| Middle East | HDPE Film | Bid Given | 710 | LC at sight |
| Middle East | HDPE Film | Offer Given | 730-820 | LC at sight |
| Middle East | HDPE Film | Offer Received | 640-800 | LC at sight |
| Middle East | HDPE Film | Purchased | 730 | LC at sight |
| Middle East | HDPE Film | Sold | 640 | LC at sight |
| North America | HDPE Film | Offer Given | 710-730 | LC 90 Days |
| North America | HDPE Film | Offer Received | 710-725 | LC at sight |
| North America | HDPE Film | Sold | 700-750 | LC at sight |
| North America | HDPE Film | Sold | 700-710 | LC 90 Days |
| Southeast Asia | HDPE Film | Bid Given | 700 | LC at sight |
| Southeast Asia | HDPE Film | Offer Given | 790-950 | LC at sight |
| Southeast Asia | HDPE Film | Offer Received | 780-960 | LC at sight |
| Southeast Asia | HDPE Film | Purchased | 645 | LC at sight |
| Southeast Asia | HDPE Film | Sold | 780-810 | LC at sight |
| Middle East | HDPE Pipe (PE 100) | Sell Idea | 990 | LC at sight |
| Southeast Asia | HDPE Pipe (PE 100) | Offer Given | 890 | LC at sight |
| Far East Asia | HDPE Yarn | Sold | 770 | LC at sight |
| Indian Subcontinent | HDPE Yarn | Offer Given | 750 | LC at sight |
| Indian Subcontinent | HDPE Yarn | Sold | 750 | LC at sight |
| Southeast Asia | HDPE Yarn | Offer Given | 780-890 | LC at sight |
| Southeast Asia | HDPE Yarn | Offer Received | 735 | LC at sight |
| Central Asia | LDPE Film | Offer Received | 700 | TT |
| Central Asia | LDPE Film | Offer Received | 780-800 | LC at sight |
| Indian Subcontinent | LDPE Film | Offer Received | 760-800 | LC at sight |
| Middle East | LDPE Film | Offer Given | 770-820 | LC at sight |
| Middle East | LDPE Film | Offer Received | 770-850 | LC at sight |
| Middle East | LDPE Film | Purchased | 770 | LC at sight |
| North America | LDPE Film | Buy Idea | 600 | LC at sight |
| North America | LDPE Film | Offer Received | 890 | LC at sight |
| Southeast Asia | LDPE Film | Offer Given | 800-860 | LC at sight |
| Southeast Asia | LDPE Film | Offer Received | 800-900 | LC at sight |
| Southeast Asia | LDPE Film | Sold | 820-825 | LC at sight |
| Central Asia | LLDPE Film C4 | Bid Given | 700 | LC at sight |
| Central Asia | LLDPE Film C4 | Buy Idea | 670 | LC at sight |
| Central Asia | LLDPE Film C4 | Offer Received | 650 | TT |
| Central Asia | LLDPE Film C4 | Offer Received | 680-730 | LC at sight |
| Far East Asia | LLDPE Film C4 | Bid Given | 680 | LC at sight |
| Far East Asia | LLDPE Film C4 | Offer Received | 730 | LC at sight |
| Indian Subcontinent | LLDPE Film C4 | Offer Received | 670 | LC at sight |
| Indian Subcontinent | LLDPE Film C4 | Purchased | 670-690 | LC at sight |
| Indian Subcontinent | LLDPE Film C4 | Sold | 690 | LC at sight |
| Middle East | LLDPE Film C4 | Buy Idea | 600-650 | LC at sight |
| Middle East | LLDPE Film C4 | Offer Given | 670-780 | LC at sight |
| Middle East | LLDPE Film C4 | Offer Received | 690-780 | LC at sight |
| Middle East | LLDPE Film C4 | Purchased | 690-730 | LC at sight |
| Middle East | LLDPE Film C4 | Sell Idea | 650 | LC at sight |
| Middle East | LLDPE Film C4 | Sold | 650 | LC at sight |
| North America | LLDPE Film C4 | Bid Given | 580-600 | LC at sight |
| North America | LLDPE Film C4 | Offer Given | 650-670 | LC at sight |
| North America | LLDPE Film C4 | Offer Received | 700-710 | LC at sight |
| North America | LLDPE Film C4 | Sold | 630-720 | LC at sight |
| Southeast Asia | LLDPE Film C4 | Bid Given | 700 | LC at sight |
| Southeast Asia | LLDPE Film C4 | Offer Given | 720-850 | LC at sight |
| Southeast Asia | LLDPE Film C4 | Offer Received | 730-850 | LC at sight |
| Southeast Asia | LLDPE Film C4 | Purchased | 680 | LC at sight |
| Southeast Asia | LLDPE Film C4 | Sold | 730-770 | LC at sight |
| Southeast Asia | mLLDPE C6 | Offer Given | 890 | LC at sight |
| Southeast Asia | mLLDPE C6 | Offer Received | 850 | LC at sight |
Range of local/localized PE transactions in May on cash, EXW China basis (CNY terms include 13% VAT, all equivalent in USD excludes VAT)
| Origin | Product | Transaction Type | Offers (CNY/ton) | Equivalent in USD/ton |
|---|
| China | HDPE Blow Moulding | Offer Given | 7,100 | 895 |
| Russia | HDPE Blow Moulding | Offer Given | 6,150 | 775 |
| USA | HDPE Blow Moulding | Offer Given | 6,650 | 838 |
| China | HDPE Blow Moulding | Price List | 7,100-7,400 | 895-933 |
| China | HDPE Film | Offer Given | 7,000-7,400 | 882-933 |
| Iran | HDPE Film | Offer Given | 7,200-7,400 | 908-933 |
| Kuwait | HDPE Film | Offer Given | 7,450 | 939 |
| Malaysia | HDPE Film | Offer Given | 7,200-7,350 | 908-927 |
| Middle East | HDPE Film | Offer Given | 7,400-7,500 | 933-946 |
| Russia | HDPE Film | Offer Given | 6,800 | 857 |
| China | HDPE Film | Price List | 7,400-7,600 | 933-958 |
| Iran | HDPE Film | Sold | 7,200 | 908 |
| Saudi | HDPE Film | Sold | 6,800 | 857 |
| China | HDPE Pipe (PE 100) | Offer Given | 8,200-8,300 | 1,034-1,046 |
| China | HDPE Pipe (PE 100) | Price List | 8,200-8,800 | 1,034-1,110 |
| India | HDPE Yarn | Offer Given | 7,100 | 895 |
| South Korea | HDPE Yarn | Offer Given | 7,100 | 895 |
| China | HDPE Yarn | Price List | 6,800-7,000 | 857-882 |
| China | LDPE Film | Offer Given | 7,100-7,700 | 895-971 |
| India | LDPE Film | Offer Given | 7,100-7,200 | 895-908 |
| Iran | LDPE Film | Offer Given | 7,000-7,500 | 882-946 |
| Middle East | LDPE Film | Offer Given | 7,500-7,800 | 946-983 |
| China | LDPE Film | Price List | 7,000-7,850 | 882-990 |
| Qatar | LDPE Film | Sold | 7,350-7,450 | 927-939 |
| China | LDPE Film (CTO)* | Sold | 7,300-7,480 | 920-943 |
| China | LLDPE Film C4 | Offer Given | 6,400-6,750 | 807-851 |
| Iran | LLDPE Film C4 | Offer Given | 6,400-6,500 | 807-820 |
| Malaysia | LLDPE Film C4 | Offer Given | 6,350-6,800 | 801-857 |
| Middle East | LLDPE Film C4 | Offer Given | 6,800-6,820 | 857-860 |
| South Korea | LLDPE Film C4 | Offer Given | 6,700-6,750 | 845-851 |
| China | LLDPE Film C4 | Price List | 6,400-6,900 | 807-870 |
| China | LLDPE Film C4 | Sold | 6,450 | 813 |
| China | LLDPE Film C4 (CTO)* | Offer Given | 6,300-6,450 | 794-813 |
| China | LLDPE Film C4 (CTO)* | Sold | 6,450 | 813 |
Description: *CTO = coal-based materials
Range of import PE transactions in May on CIF China Main Port basis
| Origin | Product | Transaction Type | Offers (USD/ton) | Payment Term |
|---|
| Middle East | HDPE Blow Moulding | Offer Given | 740-840 | LC at sight |
| Middle East | HDPE Blow Moulding | Offer Received | 740-840 | LC at sight |
| Middle East | HDPE Blow Moulding | Purchased | 700 | LC at sight |
| Middle East | HDPE Blow Moulding | Sell Idea | 770 | LC at sight |
| North America | HDPE Blow Moulding | Offer Received | 750 | 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 | 760-820 | LC at sight |
| Far East Asia | HDPE Film | Sold | 760 | LC at sight |
| Indian Subcontinent | HDPE Film | Offer Received | 795 | LC at sight |
| Middle East | HDPE Film | Offer Given | 760-820 | LC at sight |
| Middle East | HDPE Film | Offer Received | 735-830 | LC at sight |
| Middle East | HDPE Film | Sold | 770 | LC at sight |
| North America | HDPE Film | Offer Given | 760 | LC at sight |
| North America | HDPE Film | Offer Received | 745-755 | LC 90 days |
| North America | HDPE Film | Offer Received | 720 | LC at sight |
| North America | HDPE Film | Purchased | 710-730 | LC 90 days |
| North America | HDPE Film | Sold | 700-720 | LC 90 days |
| North America | HDPE Film | Sold | 730-760 | LC at sight |
| Southeast Asia | HDPE Film | Offer Given | 810-870 | LC at sight |
| Southeast Asia | HDPE Film | Offer Received | 775-820 | LC at sight |
| Southeast Asia | HDPE Film | Sold | 810-820 | LC at sight |
| Far East Asia | HDPE Pipe (PE 100) | Offer Given | 850-860 | LC at sight |
| Far East Asia | HDPE Pipe (PE 100) | Sold | 850-860 | LC at sight |
| Indian Subcontinent | HDPE Pipe (PE 100) | Offer Received | 890 | LC at sight |
| Middle East | HDPE Pipe (PE 100) | Offer Given | 870 | LC at sight |
| Southeast Asia | HDPE Pipe (PE 100) | Offer Given | 950 | LC at sight |
| Middle East | HDPE Pipe Black (100) | Bid Given | 850 | LC at sight |
| Middle East | HDPE Pipe Black (100) | Offer Received | 980-1,080 | LC at sight |
| Middle East | HDPE Pipe Black (100) | Offer Received | 990 | LC 90 Days |
| Middle East | HDPE Pipe Black (100) | Sold | 980 | LC at sight |
| Central Asia | HDPE Yarn | Sold | 770 | LC at sight |
| Far East Asia | HDPE Yarn | Offer Given | 810 | LC at sight |
| Far East Asia | HDPE Yarn | Offer Received | 770-790 | LC at sight |
| Far East Asia | HDPE Yarn | Sold | 810 | LC 90 days |
| Indian Subcontinent | HDPE Yarn | Offer Given | 810 | LC at sight |
| Indian Subcontinent | HDPE Yarn | Offer Received | 790 | LC at sight |
| Southeast Asia | HDPE Yarn | Offer Given | 780-800 | LC at sight |
| Southeast Asia | HDPE Yarn | Offer Received | 775-790 | LC at sight |
| Indian Subcontinent | LDPE Film | Offer Given | 800-810 | LC at sight |
| Middle East | LDPE Film | Offer Given | 820-860 | LC at sight |
| Middle East | LDPE Film | Offer Received | 820-870 | LC at sight |
| Middle East | LDPE Film | Offer Received | 840-860 | LC at sight |
| Southeast Asia | LDPE Film | Offer Received | 900 | LC at sight |
| Indian Subcontinent | LLDPE Film C4 | Offer Given | 700-770 | LC at sight |
| Indian Subcontinent | LLDPE Film C4 | Offer Received | 765-775 | LC at sight |
| Middle East | LLDPE Film C4 | Offer Given | 730-780 | LC at sight |
| Middle East | LLDPE Film C4 | Offer Received | 740-820 | LC at sight |
| Middle East | LLDPE Film C4 | Purchased | 760 | LC at sight |
| North America | LLDPE Film C4 | Offer Received | 720-740 | LC 90 days |
| North America | LLDPE Film C4 | Offer Received | 720-740 | LC at sight |
| 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 | 790-800 | LC at sight |
| Southeast Asia | LLDPE Film C4 | Sold | 800 | LC at sight |
| Southeast Asia | mLLDPE C6 | Offer Given | 900-930 | LC at sight |
| Southeast Asia | mLLDPE C6 | Offer Received | 920-1,015 | LC at sight |
| Southeast Asia | mLLDPE C6 | Sold | 900-930 | LC at sight |
Range of local/localized PE transactions in June on cash, EXW China basis (CNY terms include 13% VAT, all equivalent in USD excludes VAT)
| Origin | Product | Transaction Type | Offers (CNY/ton) | Equivalent in USD/ton |
|---|
| China | HDPE Blow Moulding | Offer Given | 7,400-7,800 | 933-983 |
| China | HDPE Blow Moulding | Price List | 7,400-7,700 | 933-971 |
| Russia | HDPE Blow Moulding | Sold | 7,100 | 895 |
| China | HDPE Film | Offer Given | 7,400-8,000 | 933-1,009 |
| Iran | HDPE Film | Offer Given | 7,350-8,100 | 927-1,021 |
| Middle East | HDPE Film | Offer Given | 6,900-7,800 | 870-983 |
| Saudi | HDPE Film | Offer Given | 7,500 | 946 |
| Thailand | HDPE Film | Offer Given | 7,800-7,850 | 983-990 |
| China | HDPE Film | Price List | 7,500-7,800 | 946-983 |
| Iran | HDPE Film | Sold | 7,500-7,600 | 946-958 |
| Russia | HDPE Film | Sold | 7,200 | 908 |
| China | HDPE Pipe (PE 100) | Price List | 7,950-8,300 | 1,002-1,046 |
| China | HDPE Yarn | Price List | 7,000-7,500 | 882-946 |
| China | LDPE Film | Offer Given | 7,500-8,400 | 946-1,059 |
| Iran | LDPE Film | Offer Given | 7,900-8,500 | 996-1,072 |
| Middle East | LDPE Film | Offer Given | 7,800-8,300 | 983-1,046 |
| Saudi | LDPE Film | Offer Given | 7,800-7,900 | 983-996 |
| China | LDPE Film | Price List | 7,400-8,400 | 933-1,059 |
| Iran | LDPE Film | Sold | 7,900 | 996 |
| China | LLDPE Film C4 | Offer Given | 6,600-7,300 | 832-920 |
| Middle East | LLDPE Film C4 | Offer Given | 6,800-7,300 | 857-920 |
| Saudi | LLDPE Film C4 | Offer Given | 7,200 | 908 |
| Qatar | LLDPE Film C4 | Offer Received | 7,030 | 886 |
| Saudi | LLDPE Film C4 | Offer Received | 7,100-7,120 | 895-898 |
| China | LLDPE Film C4 | Price List | 6,700-7,100 | 845-895 |
| China | LLDPE Film C4 (CTO)* | Sold | 6,700-6,740 | 845-850 |
Description: *CTO = coal-based materials
Range of import PE transactions in June on CIF China Main Port basis
| Origin | Product | Transaction Type | Offers (USD/ton) | Payment Term |
|---|
| Middle East | HDPE Blow Moulding | Offer Received | 880-920 | LC at sight |
| Middle East | HDPE Blow Moulding | Sold | 855 | LC at sight |
| Far East Asia | HDPE Film | Offer Given | 870 | LC 90 days |
| Far East Asia | HDPE Film | Offer Given | 920 | LC at sight |
| Far East Asia | HDPE Film | Offer Received | 900-910 | LC at sight |
| Far East Asia | HDPE Film | Sold | 870 | LC 90 days |
| Middle East | HDPE Film | Offer Given | 780-870 | LC at sight |
| Middle East | HDPE Film | Offer Received | 750-920 | LC at sight |
| Middle East | HDPE Film | Purchased | 850-860 | LC at sight |
| Middle East | HDPE Film | Sell Idea | 830-860 | LC at sight |
| North America | HDPE Film | Offer Given | 820 | LC at sight |
| North America | HDPE Film | Offer Given | 820-830 | TT |
| Southeast Asia | HDPE Film | Offer Given | 860-930 | LC at sight |
| Southeast Asia | HDPE Film | Offer Received | 895-930 | LC at sight |
| Southeast Asia | HDPE Film | Sold | 850 | LC at sight |
| Far East Asia | HDPE Pipe (PE 100) | Offer Received | 940 | LC at sight |
| Middle East | HDPE Pipe (PE 100) | Offer Given | 950-960 | LC at sight |
| Middle East | HDPE Pipe (PE 100) | Sold | 950-1,090 | LC at sight |
| Southeast Asia | HDPE Pipe (PE 100) | Offer Given | 960-980 | LC at sight |
| Southeast Asia | HDPE Pipe (PE 100) | Offer Received | 930-970 | LC at sight |
| Middle East | HDPE Pipe Black (100) | Offer Given | 1,050-1,090 | LC at sight |
| Central Asia | HDPE Yarn | Offer Given | 780-800 | LC at sight |
| Far East Asia | HDPE Yarn | Offer Received | 860-900 | LC at sight |
| Far East Asia | HDPE Yarn | Purchased | 860 | LC at sight |
| Indian Subcontinent | HDPE Yarn | Price List | 845-865 | LC at sight |
| Indian Subcontinent | HDPE Yarn | Sold | 860 | LC 90 days |
| Southeast Asia | HDPE Yarn | Offer Received | 850-860 | LC at sight |
| Middle East | LDPE Film | Offer Given | 820-910 | LC at sight |
| Middle East | LDPE Film | Offer Received | 885-940 | LC at sight |
| Middle East | LDPE Film | Sell Idea | 880-890 | LC at sight |
| Middle East | LDPE Film | Sold | 855-870 | LC at sight |
| Southern Africa | LDPE Film | Offer Received | 900 | LC at sight |
| Southern Africa | LDPE Film | Purchased | 860 | LC at sight |
| Far East Asia | LLDPE Film C4 | Bid Received | 805 | LC at sight |
| Far East Asia | LLDPE Film C4 | Offer Given | 855 | LC at sight |
| Far East Asia | LLDPE Film C4 | Offer Received | 830 | LC at sight |
| Indian Subcontinent | LLDPE Film C4 | Offer Received | 740 | LC at sight |
| Middle East | LLDPE Film C4 | Offer Given | 740-830 | LC at sight |
| Middle East | LLDPE Film C4 | Offer Received | 740-830 | LC at sight |
| Middle East | LLDPE Film C4 | Purchased | 800 | LC at sight |
| Middle East | LLDPE Film C4 | Sell Idea | 780-800 | LC at sight |
| North America | LLDPE Film C4 | Offer Received | 800 | LC at sight |
| Southeast Asia | LLDPE Film C4 | Offer Given | 835-870 | LC at sight |
| Southeast Asia | LLDPE Film C4 | Offer Received | 855 | LC at sight |
| Southeast Asia | LLDPE Film C4 | Offer Received | 870 | LC 90 days |
| Southeast Asia | LLDPE Film C4 | Sold | 870 | LC at sight |
| Southern Africa | LLDPE Film C4 | Offer Received | 775-780 | LC at sight |
| Southern Africa | LLDPE Film C4 | Purchased | 755 | LC at sight |
| Southeast Asia | mLLDPE C6 | Offer Given | 930 | LC at sight |
| Southeast Asia | mLLDPE C6 | Offer Received | 930 | LC at sight |
Tags: Asia Pacific,China,English,NEA,PE,Quarterly
Published on July 9, 2020 9:44 AM (GMT+8)
Last Updated on September 7, 2020 1:03 PM (GMT+8)
