News Code : 42822

Petrotahlil: Petkim lifts LDPE by $30 on Monday • Import LDPE supply considered tight • Mid-East source seeks $10 hikes for May • March imports of LLDPE up on month, year • C2 contract settles €30 higher in Europe • US ($/ton): LDPE 1040-1050 | LLDPE 1030-1040 | HDPE film 1080-1110 CIF • Mid-East ($/ton): LDPE 1070-1080 | LLDPE 1060-1080 | HDPE film 1140-1160 CIF • Local ($/ton): LDPE 1440-1470 | LLDPE 1360-1430 | HDPE film 1440-1480 inc VAT

SEA PE market largely stable ahead of Ramadan. 

• Demand limited to buyers’ urgent needs 

• LDPE supplies limited 

• LLDPE faces downward pressure 

• Local PE in Thailand slightly firms up after Songkran 

• Crude oil, naphtha retreat from 6-month high

• Mid-Eastern PE ($/ton): HDPE film 1090-1120 | LDPE film 1090-1110 | LLDPE film 1050-1080 CIF 

• US PE ($/ton): HDPE film 1060-1080 | LDPE film 1020-1040 | LLDPE film 1000 CIF

 

China’s PE imports in Q1 reach record high. 

• Activity limited due to Labor Day holiday 

• May PE offers from Saudi major stable to firmer 

• Local PE remains under pressure from high supplies 

• LLDPE demand weakest among all PE products 

• China imports around 4 million tons of PE in Q1

• Import dutiable PE ($/ton): HDPE film 1100-1170 | LDPE film 1080-1100 | LLDPE film 1030-1060 CIF

 

European PE set to increase for third consecutive month in May. 

• May C2 settled with €30 hikes 

• Players expect a new round of increases for May 

• LLDPE, LDPE supplies are not ample 

• Market activities are calm ahead of fresh May prices

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

 

PE market braces for further hikes in Italy after May C2 settlement. 

• April spot and contracts closed €30-35 up 

• May C2 settled €30 higher 

• Players wait for May PE prices 

• Upstream markets support sellers’ firmer expectations 

• PE is set to head for the third-month of hikes

• Local spot (€/ton): LDPE film 1070-1130 | LLDPE film 1030-1100 | HDPE film, b/m 1150-1250 FD

 

May PE outlook squeezed between costs and demand in Mid-East. 

• April PE deals mostly steady compared to initial levels 

• Players at odds over possible price increases for May 

• Thin demand persists amid poor end product sales

• 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

 

May PE offers tick upwards in West Africa. 

• African PE players share mixed views for May 

• Saudi major hikes offers to Nigeria by $20 

• ELEME’s offers to local market higher by NGN10,000-12,000

• Import offers in Nigeria ($/ton): LDPE 1090-1130 | LLDPE 1080 | HDPE 1190 CIF 

• Local offers in Nigeria ($/ton): LLDPE 1291 | HDPE 1346 CFR

 

Slow activity weighs on local PE prices in Egypt. 

• Market players leave their desks for holidays 

• Local prices see decreases of up to EGP1000 

• Firm May outlook for import offers 

• Local supplies comfortable for all grades 

• Financial, political uncertainty affects purchases

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

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