S Korea producers cut HDPE by $50-60/tonne

18 September 2008 04:32  [Source: ICIS news]

SINGAPORE (ICIS news)--Two South Korean producers have slashed offers of high density polyethylene (HDPE) by $50-60/tonne due to persistent weak demand, company sources said on Thursday.

One of these producers offered blow moulding grade HDPE at $1,500/tonne CFR (cost and freight) China for September shipment, $50/tonne lower from last week.

"But there is no buying interest even after we dropped our price," the producer said.

Another producer had slashed its film grade HDPE offers by $50-60/tonne to $1,500/tonne CFR China for September shipment.

"The market is very weak. Seems like every time you offer a new low price, buyers will counter at even lower levels," the second producer said.

Polymer demand had been weak in China in the recent weeks due to a series of problems, including credit crunch and power shortages.

For more on ethylene, PE visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect


By: Chow Bee Lin
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly