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China’s polyethylene (PE) weekly average import prices rose by 4-8% in the quarter ended 15 November, with film grade low density PE (LDPE) registering the sharpest hikes on tight supply. Regional LDPE supply was tight in the third quarter because of an unplanned plant shutdown in Thailand and a scheduled plant turnaround in Malaysia, and sharply lower LDPE export volumes from Iran. High density PE (HDPE) blow moulding and film grades import prices in China rose 6.5% and 5.7% respectively, because of reduced local production of these grades, and lower export volumes from Iran.
Southeast Asia’s PE weekly average import prices rose by 3.7-5.7% to $1,477-1,665/tonne CFR China in the quarter ended 15 November, with LDPE registering the sharpest hikes amid tight supply caused by an unplanned plant shutdown in Thailand and a scheduled plant turnaround in Malaysia. Rising China’s import prices and tight southeast Asian supplies were the main drivers of the SE Asian price uptrend in the third quarter. Downstream demand in southeast Asia was generally low mainly because sharp depreciation of regional currencies against the US dollars earlier in the year had continued to curtailed purchasing power in southeast Asia.
Updated to mid-November 2013
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ICIS metallocene linear low density polyethylene (MLLDPE) report (Asia Pacific) focuses on C6 MLLDPE grades used in food and industrial packaging material.
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