31 August 2010 11:58 [Source: ICIS news]
SINGAPORE (ICIS)--Chinese traders have been re-exporting film grade low density polyethylene (LDPE) to markets in Latin America and ?xml:namespace>
The margins from re-exports were at least $30/tonne (€24/tonne) higher than what was achievable if the product was sold into the domestic market, Chinese traders said.
For instance, Iranian LDPE re-exported at around $1,400/tonne FOB (free on board) China yields an ex-bonded warehouse price of $1,380/tonne CFR (cost and freight) China, but the same cargo could only fetch an ex-bonded warehouse price of around $1,350/tonne CFR China if it was sold domestically, a trader in east China said.
LDPE imported from
LDPE was assessed at $1,500-1,550/tonne CFR Africa, $1,896-2,052/tonne delivered
It was unclear exactly how much LDPE had been re-exported from
The re-exports were unlikely to change the global LDPE trade flow as
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