China LLDPE prices up 1.61% as local producers raise offers

21 March 2014 09:45  [Source: ICIS news]

SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) prices increased by 1.61% week on week because local producers raised their offers, industry sources said on Friday.

According to Chemease, an ICIS service in China, domestic LLDPE prices this week were at yuan (CNY) 10,850-11,200/tonne ($1,742-1,798/tonne), up by CNY150-200/tonne compared with the prices at CNY10,650-11,050/tonne last week.

Sinopec raised their EXWH (ex-warehouse) prices of LLDPE this week by CNY100-350/tonne, while PetroChina lifted their EXWH prices of LLDPE this week by CNY100-250/tonne,

“Traders raised their offers as a result of higher cost,” local distributors said.

 ($1 = CNY6.23)

By: Lizzie Yu

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly