Europe, China PE trade may rise on weak European demand

06 July 2012 14:01  [Source: ICIS news]

SINGAPORE (ICIS)--Europe’s polyethylene (PE) exports to China may increase in the coming weeks because of weak demand in Europe, Chinese traders said on Friday.

An international PE producer offered from Spain 4,000-5,000 tonnes of film grade low density PE (LDPE) this week for August shipment, Chinese traders said.

Buying indications for importers in China was at $1,200/tonne (€972/tonne) CFR (cost and freight) China for the Spanish cargo, and discussions were underway, the Chinese traders said.

Traders offered European blow moulding grade high density PE (HDPE) at around $1,280/tonne CFR China this week for August shipment, they added.

More than one thousand tonnes of linear low density PE (LLDPE) from Europe was sold at $1,220/tonne CFR China this week for August shipment, Chinese traders said.

($1 = €0.81)


Author: Bee Lin Chow



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