China, southeast Asia LDPE, LLDPE prices fall on weak demand

01 June 2011 09:47  [Source: ICIS news]

SINGAPORE (ICIS)--China and southeast (southeast) Asia’s film-grade linear low density polyethylene (LLDPE) and low density PE (LDPE) prices have fallen by 5-6.6% from a month ago, as persistently weak import demand forced some suppliers to reduce their offer prices, industry sources said on Wednesday.

Discussions on the benchmark LLDPE averaged at around $1,295/tonne (€893.55/tonne) CFR (cost & freight) China and $1,330/tonne CFR SE Asia for June arrival, according to market sources.

Film-grade LDPE was discussed at around $1,560-1,600/tonne CFR China and $1,615-1,680/tonne CFR SE Asia this week for June shipment, according to market sources.

These price levels are $80-95/tonne or 5-6.6% lower compared with the previous month, according to ICIS.

The average weekly prices of LLDPE were assessed at $1,375/tonne CFR China and $1,425/tonne CFR SE Asia for the week ended 29 April, according to ICIS.

The average weekly prices of LDPE were at $1,665/tonne CFR China and $1,750/tonne CFR SE Asia for the week ended 29 April, according to ICIS.

China’s weak import demand is largely the result of tightened credit lines and power shortages, local distributors said.

Many importers in SE Asia are deferring their purchases as they believe the weak demand from the key China market will weigh on regional buying sentiment and lead suppliers to reduce their offer prices, regional suppliers said.

($1 = €0.69)

For more on polyethylene, visit ICIS chemical intelligence


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

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