08 December 2010 09:51 [Source: ICIS news]
By Chow Bee Lin
SINGAPORE (ICIS)--South Korea’s polyethylene (PE) shipments to South America may increase over the next four weeks, as US PE exports are likely to be constrained by tight ethylene (C2) supply, industry sources said on Wednesday.
South American importers had started enquiring for Korean PE as an alternative to ?xml:namespace>
Korean producers have been trying in recent years to capture a bigger share of the South American market, where sales can yield bigger margins compared to their traditional market in
Korean cargoes are currently offered at $1,450-1,460/tonne (€1,088-1,095/tonne) for HDPE film grade and at $1,500-1,540/tonne for LLDPE, all on a CFR (cost and freight) basis for shipment to west coast
Bids for Korean film grade HDPE and LLDPE were around $50/tonne lower than the offers, but these buying indications were rejected as producers deemed the offers already competitive.
"Film grade HDPE from the
Major PE and PP producers in
($1 = €0.75)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|