MOSCOW (ICIS -
MRC) - Despite the ongoing growth of feedstock, the prices of large volume
polymers in Asia last week did not change. The prices in the market of
polyethylene, polystyrene and PET even slightly declined, according to MRC
analysts.
Due to the weak demand price quotations of polyethylene in Asia
did not change, despite a further rise in the price of ethylene. Buying interest
in imported materials is very low due to the sufficient supply and lower prices
from domestic producers. There were offers for re-export of LDPE and LLDPE from
China. The prices of these grades of polyethylene last week declined on average
by USD20-30/tonne. LDPE and LLDPE were offered on average for USD1,430/tonne,
CFR, and USD1,390/tonne, CFR, respectively.
Prices of polypropylene last
week in Asia did not change. The demand for imported material from Chinese
companies is still low because of the sufficient supply and lower prices in the
domestic market. Amid the weak demand in China there were the offers of
polypropylene re-export. The prices stayed at USD 1,500/tonne,
CFR.
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