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Taiwanese producer keeps PE prices stable in China

February 25/2010

February 25 (alibaba.com) -- A major Taiwanese producer reported offering LLDPE c4 and HDPE film prices at the same levels compared to the pre-holiday period. Currently, they are offering LLDPE c4 film at $1500/ton and HDPE film at $1430/ton on CFR China main port, subject to 6.5% customs duty, cash basis for early March delivery. The producer had announced the same levels for February shipment at the beginning of the month.

 

The producer admits that they are facing difficulties when concluding deals at the abovementioned levels. "Therefore, we are willing to offer small discounts in return of firm bids  in order to stimulate some buying interest," they comment. Meanwhile, sources in the country report that many converters are yet to return to the market as most of them elected to have a longer holiday, extending their away time up to two weeks.

 

Looking at the ethylene market in Asia, prices have recorded $100-105/ton decreases since the beginning of February due to the ample supply levels, caused by the heavy import activities from the Middle East as well as the regional producers. Now, spot ethylene prices are pegged at $1250-1260/ton on CFR NEA and at $1300/ton on CFR SEA basis.

 

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