06 August 2013 11:17 [Source: ICIS news]
SINGAPORE (ICIS) – China’s linear low density polyethylene (LLDPE) import price has risen by $10/tonne (€8/tonne) on Tuesday because of tight supply in the domestic market, industry source said.
Imported LLDPE was selling at $1,460-1,480/tonne CFR (cost and freight) China compared with $1,460-1,470/tonne CFR China on Monday, local traders said.
Current prices are higher by $15/tonne from the assessed prices on 2 August, according to Chemease, an ICIS service in China.
Domestic supply tightened as two major facilities are currently shut for maintenance, they said.
Fushun Petrochemical is expected to restart its 450,000 tonne/year high density PE (HDPE)/LLDPE swing plant at Liaoning province in late August, a company source said.
Meanwhile, Daqing Petrochemical’s 550,000 tonne/year HDPE/LLDPE swing plant and 85,000tonne/year LLDPE plant in Heilongjiang province were taken off line on 5 August and are expected to resume production on 20 August, a company source said.
($1 = €0.75)
Additional reporting by Angie Li
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