News Code : 42729

• Offers for dutiable PE up $5-10 • Import availability restricted • Strong crude oil supports sentiment • LLDPE futures down CNY125 on week • High local supplies weigh on demand • Import dutiable PE ($/ton): HDPE film 1100-1170 | LDPE film 1075-1100 | LLDPE film 1040-1070 CIF

Petrotahlil:

Further hike attempts for PE overshadowed by demand in SEA

• Mid-Eastern PE sellers remain firm on offers 

• LDPE supplies limited 

• Crude oil hovers around more than 5-month high 

• US PE fails to attract demand from SE Asia 

• Petronas provides update on RAPID fire

• Mid-Eastern PE ($/ton): HDPE film 1100-1120 | LDPE film 1090-1100 | LLDPE film 1050-1060 CIF 

• US PE ($/ton): HDPE film 1080 | LDPE film 1020-1040 | LLDPE film 1000 CIF

 

Will increases in Europe’s PE market gain speed in May?

• April deals mainly concluded with €30 hikes 

• Players discuss May outlook 

• Early expectations call for €30-40 increases for May C2 

• Rising costs are likely to support a firmer trend 

• Calm demand might hinder large increases next month

• Local spot (€/ton): LDPE film 1080-1170| LLDPE film 1050-1120 | HDPE film, b/m 1150-1240 FD | HDPE inj. 1150-1230 FD

 

PE players discuss May outlook amid firmer sentiment in Italy

• More April deals closed with €30 hike 

• Early May expectations emerge firmer 

• May C2 awaited mostly €30-40 higher 

• LDPE, LLDPE face some pressure from supply limitations 

• Dow stopped its order books for April

• Local spot (€/ton): LDPE film 1050-1140 | LLDPE film 1030-1100 | HDPE film, b/m 1140-1250 FD

 

Bullish PE run extends into April in Middle East

• Saudi major announces rollovers to increases to local market 

• Major UAE producer’s local offers up by $40 from March 

• Emirati players manage to conclude deals with rollovers 

• Purchases remain tied to need basis 

• Demand yet to pick up before Ramadan

• Local PE in S.Arabia ($/ton): LDPE 1030 | LLDPE 1020 | HDPE 1060-1090 FD 

• Import PE in UAE ($/ton): LDPE 1090-1120 | LLDPE 1090-1110 | HDPE 1120-1150 CIF

 

PE balanced on shy demand, restricted imports in Turkey

• Import PE prices steady on week 

• Rising oil prices, limited supply keep outlook firm 

• Expectations for May C2 calls for hikes in Europe 

• Gap between US and Mid-East offers narrows

• US ($/ton): LDPE 1040-1050 | LLDPE 1020-1040 | HDPE film 1080-1110 CIF 

• Mid-East ($/ton): LDPE 1050-1070 | LLDPE 1020-1080 | HDPE film 1110-1160 CIF 

• Local ($/ton): LDPE 1415-1450 | LLDPE 1360-1420 | HDPE film 1420-1480 inc VAT

 

African PE players turn attention to May

• New April PE prices firm in Algeria 

• Deals concluded at initial flat-to-firm levels 

• Political uncertainties hover on N.Africa 

• Nigerian ELEME’s local offers unchanged 

• Demand slightly improves, yet purchases limited

• Imports in Algeria ($/ton): LDPE 1130 | LLDPE 1060 | HDPE 1180 CIF 

• Imports in Kenya ($/ton): LDPE 1140-1180 | LLDPE 1070-1090 | HDPE 1170-1190 CFR

 

Egypt’s import PE market flat on limited trading

• April PE deals concluded stable 

• Local PE steady to EGP500 down 

• Liquidity issues weigh on local offers 

• Overall demand remains subdued 

• Buying appetite remains on hand-to-mouth basis

• Import PE ($/ton): LDPE 1010-1110 | LLDPE 980-1050 | HDPE 1100-1210 CIF

 

Send Comment

view latest news
More News