An market source in Asia wanting to stay unknown notified a Polymerupdate staff member, “Prices were left the same in the area with a bulk of purchasers heard to be making just need-based purchases.”
The source included, “Most of the market participants are awaiting fresh import offers from overseas suppliers.”
In Far East Asia, LDPE movie grade costs were examined at the USD 890-910/mt CFR levels, the same week on week. In China, import cost settlements remained in the moderate to steady variety. There was a small uptick in trading activity as end users confronted with diminished stocks were seen renewing their stocks.
In Southeast Asia, LDPE movie grade costs were examined at the USD 890-930/mt CFR levels, rolled over from the previous week. LDPE import conversations in Southeast Asia stayed within the steady to soft variety throughout the week. Meanwhile, a moderate downturn was seen in market activities in the area owing to the Eid al-Adha vacations.
In India, LDPE costs were examined at the USD 930-960/mt CFR levels, consistent from recently. Trading momentum was limited in the area owing to restricted area deals.
In Pakistan, LDPE costs were at the USD 990-1040/mt CFR levels, the same from the previous week.
In Sri Lanka, LDPE costs were examined at the USD 1010-1050/mt CFR levels, rolled over week on week.
In Bangladesh, LDPE costs were examined consistent at the USD 990-1030/mt CFR levels.
Feedstock ethylene costs on Tuesday were examined at the USD 745-755/mt CFR South East Asia levels, while CFR North East Asia ethylene costs were examined at the USD 745-755/mt levels, both week on week increased by USD (+20/mt).
In plant news, Shenhua Xinjiang Energy has actually rebooted its low density polyethylene (LDPE) system in end June 2023. The system was shut for upkeep on June 13, 2023. Located at Xinjiang in China, the LDPE system has production capability of 270,000 mt/year.
