News Code : 43111

Petrotahlil :
Import HDPE, LLDPE prices up after hitti­ng a decade low in SEA
• Sentiment cautious­ly shifts on China’s recovery 
• Import prices up around $10-50 on week 
• Firm crude oil fut­ures support recent hikes 
• Demand remains dis­appointing despite price gains 
• Overall PE supplies remain high in SEA
• Mid-Eastern PE ($/­ton): HDPE film 990-­1020 | LDPE film 980­-1020 | LLDPE film 940-990 CIF 
• US PE ($/ton): HDPE film 980-990 | LDPE film 980-1000 | LL­DPE film 920-960 CIF

 

PE starts second half of 2019 on a firm note in China
• Demand improves amid lower supplies 
• Dutiable PE offers up $10-30 on week 
• Saudi major lifts July offers from mid-June 
• Thai PE prices increase further by $15-45 
• LLDPE futures see weekly gain of CNY150
• Import dutiable PE ($/ton): HDPE film 980-1020 | LDPE film 940-1010 | LLDPE film 900-950 CIF

 

Lower C3 pave the way for huge drops in Europe’s PP for July
• Sellers issue €80 decreases on July PP prices 
• July C3 agreed with €80 drops 
• Buyers remain main­ly sidelined 
• Demand is unsuppor­tive amid comfortable supply 
• Sharp decreases are expected to pass on deals
• Local spot (€/ton): Homo-PP 1140-1250 | PPBC 1200-1310 FD

 

HDPE prices hit multi-year lows in Italy
• Initial July offers show up €70-75 down 
• July C2 settled €75 lower 
• Stagnant demand, ample supply weigh on the market 
• Converters are still searching the market 
• Strong drops expected to pass on PE deals
• Local spot (€/ton): LDPE film 1020-1070 | LLDPE film 980-1060 | HDPE film, b/m 1030-1140 FD

 

Mid-Eastern PE playe­rs expect further de­clines in July
• June deals closed steady to soft 
• Weak cost, poor de­mand weigh on July expectations 
• US cargoes more co­mpetitive than Mid-E­astern origins 
• No supply concerns reported

 

Bottom for PE under discussion following July drops in Turkey
• Mid-East sources apply July drops 
• Initial rollover attempts from a Saudi major fails 
• Players: PE may stabilize at prevailing levels 
• China’s import market tracks local PE higher 
• European C2 settles down €75 in Europe
• US ($/ton): LDPE 970-1000 | LLDPE 910-930 | HDPE film 950-1000 CIF 
• Mid-East ($/ton): LDPE 980-1020 | LLDPE 945-990 | HDPE film 1000-1020 CIF 
• Local ($/ton): LDPE 1330-1410 | LLDPE 1250-1310 | HDPE film 1320-1400 inc VAT

 

African PE players receive softer offers for July
• ELEME’s offers ste­ady for second month in a row 
• East, West Africa receive hefty declin­es for July 
• Similar pattern ex­pected in North, Sou­th Africa
• Imports in Kenya ($/ton): LDPE 1130 | LLDPE 1040 | HDPE 10­70-1080 CFR 
• Imports in Nigeria ($/ton): LDPE 1070 | LLDPE 1060 | HDPE 1090 CFR

 

Egypt’s local PE producers unveil July offers softer
• Import PE offers down, more awaited with decreases 
• ETHYDCO cuts latest offers by EGP600-1000 
• SIDPEC’s HD inj. offers EGP1500 lower, HD film and b/m steady 
• Distribution market steady to EGP500 softer 
• Buyers prefer to wait for clear direction
• Import PE ($/ton): HDPE 1050-1060 | LDPE 980-1050 | LLDPE 950-1040 CIF

 

END

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