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Asian suppliers actively entering HDPE markets of FSU

March 28/2011

MOSCOW (MRC) -- Excessive offer of HDPE in the Asian market and price stability made the Asian companies turn their export stream. Now Asian material is actively offered in the markets of FSU, according to ICIS-MRC Price report. Last week the Chinese and South Korean companies offered HDPE for April delivery to the markets of FSU. The price offer was within the range of USD 1.380 Ц 1.420/mt, FOB. Also there are enough spot offers for North American HDPE re-exports from China.

Many market players refuse from such offers, despite a high level of prices from the part of European and Russian producers. The main argument of refusal is long-term logistics and 
incomprehension of the situation in May when the first batches of HDPE are expected to arrive.

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