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 ?xml:namespace>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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