News Code : 43161

Petrotahlil :

China’s PE market turns mixed after 3-week uptrend

• LDPE supplies diminish; LLDPE and HDPE sufficient 

• LLDPE futures down CNY135 on week 

• Volatility prevails in crude oil futures 

• Spot ethylene gains ground on week

• Mid-Eastern PE ($/ton): HDPE film 980-1040 | LDPE film 1000-1030 | LLDPE film 930-960 CIF

 

SEA’s import PE market seeks direction

• Import prices largely flat on week 

• Mid-Eastern suppliers sell out July quotas 

• Trading activity limited as buyers await Aug offers 

• US PE continues to offer competitive edge 

• Fluctuating crude oil weighs on sentiment

• Mid-Eastern PE ($/ton): HDPE film 1000-1070 | LDPE film 990-1040 | LLDPE film 920-990 CIF 

• US PE ($/ton): HDPE film 935-970 | LDPE film 980-990 | LLDPE film 900-940 CIF

 

LDPE prices broke below the €1000/ton threshold in Italy

• €80 drops continue to pass on PE deals 

• Players shift their attention towards August

• Early August expectations are mainly stable to softer 

• Weak demand, ample supply might pull prices further down 

• Rising energy market might offset plunging spot C2

• Local spot (€/ton): LDPE film 990-1060 | LLDPE film 980-1050 | HDPE film, b/m 1030-1140 FD

 

PE sharp decreases stir buying interest for July in Europe

• Players almost concluded their July deals 

• Drops of around €80 continued to pass on PE deals 

• Early expectations for August surface stable to softer 

• Players don’t exclude possible further drops next month 

• Increasing energy costs might hinder downtrend

• Local spot (€/ton): LDPE film 1000-1100| LLDPE film 1010-1040 | HDPE film, b/m 1040-1150 FD | HDPE inj. 1040-1140 FD

 

PE prices steady amid blurry August outlook in Turkey

• Market sees fewer offers and bids 

• Most buyers already secured their needs 

• Previous low ends become rare for imports

• No concerns voiced about availability 

• Local PE still soft despite mostly flat imports

• US ($/ton): LDPE 970-980 | LLDPE 920-930 | HDPE film 940-980 CIF 

• Mid-East ($/ton): LDPE 1000-1020 | LLDPE 940-990 | HDPE film 1000-1020 CIF 

• Local ($/ton): LDPE 1330-1380 | LLDPE 1200-1290 | HDPE film 1320-1370 inc VAT

 

Initial July PE offers revealed softer in Mid-East

• Saudi producer reveal lower offers to local market 

• Demand remains flat across region 

• Availability is not a concern amid sluggish activities

• Local PE in S.Arabia ($/ton): LDPE 1020 | LLDPE 970 | HDPE 1030 FD 

• Import PE in UAE ($/ton): LDPE 1040-1050 | LLDPE 1020-1060 | HDPE 1040-1050 CIF

 

Egypt’s local PE offers decline further on imbalanced supply/demand

• Import market stable to slightly lower 

• Distribution market down on liquidity issues 

• Supply-demand imbalance persists 

• Players avoid purchasing large volumes

• Import PE ($/ton): HDPE 1050-1060 | LDPE 980-1060 | LLDPE 940-1000

 

More July PE offers emerge softer in Africa

• Players in Algeria receive three-digit drops from June 

• Saudi major’s offers to Morocco indicate steep declines 

• Demand remains sluggish with no supply concerns 

• South African players uncertain of upcoming term

• Imports in Algeria ($/ton): HDPE 950-1080 | LDPE 1040-1050 | LLDPE 930-1020 CIF 

• Imports in Kenya ($/ton): HDPE 1070-1080| LDPE 1130 | LLDPE 1040 CFR

Follow us on Twitter @petrotahlil 

END 

Send Comment

view latest news
More News