11 October 2013 07:23 [Source: ICIS news]
SINGAPORE (ICIS)—China’s high density polyethylene (HDPE) injection prices, with melt flow of higher than 10 (high-MI), increased this week on back of tightening supply, with the shutdown of some PE plants, market players said on Friday.
Spot prices of HDPE injection (high-MI) prices were offered at yuan (CNY) 11,150-11,850/tonne this week, higher by CNY400/tonne at some grades compared with last week, the sources added.
Supply shortage was a main bullish factor, the sources said.
Fujian Refining & Petrochemical (FREP) plans to shut its two 400,000 tonne/year HDPE/ linear low density polyethylene (LLDPE) swing plants on 18 October for two months of maintenance, according to a source close to the company.
Talks of Fushun Petrochemical delaying the restart of its 350,000 tonne/year HDPE plant and 450,000/tonne HDPE/LLDPE swing plant in November also pushed the prices up.
Jam Petrochemical, a main import HDPE injection supplier, will shut its 300,000 tonne/year HDPE/LLDPE swing plant in Asaluyeh, Iran for a three-week scheduled turnaround from 10 October, stimulating the domestic HDPE injection (high-MI) prices.
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