05 September 2013 10:05 [Source: ICIS news]
SINGAPORE(ICIS)--China’s high density polyethylene (HDPE) film import prices may rise in September amid tight supply of the material in major exporter Iran, local traders said on Thursday.
On 5 September, the average China weekly HDPE film import prices were assessed at $1,425-1,465/tonne (€1,083-1,113/tonne) CFR China, $5-10/tonne higher from the previous week, according to ICIS.
Iran’s Marun Petrochemical is believed to have switched its output to HDPE injection from HDPE film at the company’s 300,000tonne/year HDPE plant in Bandar Imam, according to a regional trader.
Meanwhile, Arya Sasol Petrochemical’s (ASPC) 300,000 tonne/year medium density/high density polyethylene (MD/HDPE) unit in Asaluyeh has switched its production to HDPE blow moulding from HDPE film in September, another regional trader said.
ASPC may cut HDPE film output in the next one to two months because of a shortage of additives, the source added.
Both ASPC and Marun Petrochemical were not immediately available for comment.
Iran accounted for 18% of China’s HDPE imports in the first half of 2013, with a full-year 2012 share of 16%, official data showed.
Mehr, Marun and Sasol are the major Iranian HDPE film exporters to China.
Any further increase in China’s HDPE film import prices, however, might be moderated by continued weakness in downstream demand, a Chinese trader added.
($1 = €0.76)
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