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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 – 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.
mrcplast.com
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