quarterlyssessments-q2-2020-china-pe-prices

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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)

QuarterlySSESSMENTS: Q2 2020 China PE Prices

Author: SSESSMENTS

QuarterlySSESSMENTS: Q2 2020 China PE Prices

Author: SSESSMENTS

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