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LLDPE NEWS

Linear Low Density Polyethylene (LLDPE) prices quote mixed in Asia

30 Nov 2022 14:45 IST
LLDPE prices displayed a mixed undertone in Asia this week.

An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “Prices firmed on the back of a rise in PE futures on the Dalian Commodity Exchange (DCE) in China which prompted producers to hike their offer levels. However, buyers reportedly refrained from making purchases at those levels as demand-supply fundamentals remained static.”

In Far East Asia, LLDPE prices were assessed at the USD 920-960/mt CFR levels, a rise of USD (+20/mt) from the previous week.

In China, Middle Eastern producers have offered their LLDPE film grades in the range of USD 920-960/mt CFR levels for shipment in December 2022.

In South East Asia, LLDPE prices were assessed at the USD 970-1010/mt CFR levels, a week on week increase of USD (+10/mt). An industry source in Asia on condition of anonymity informed a Polymerupdate team member, “In Vietnam, a few producers were reportedly quoting spot offers at higher rates as they anticipated a shortfall in material supplies owing to delayed restart schedules of some production facilities in the region.”

In Vietnam, a Middle Eastern producer has offered its LLDPE film grade at the USD 960/mt CFR levels for shipment in December 2022. A Saudi Arabian producer has offered its LLDPE film grade at the USD 1010/mt CFR levels for shipment in December 2022.

In Sri Lanka, LLDPE prices were assessed lower at the USD 1050-1100/mt CFR levels, a sharp fall of USD (-40/mt) from the previous week. A tepid buying sentiment and ample product avails coupled with lower offers from overseas suppliers proved to be key factors weighing negatively on prices.

In Sri Lanka, a Middle Eastern producer has offered its LLDPE film grade at the USD 1100/mt CFR levels for shipment in December 2022. A Saudi Arabian producer has offered its LLDPE film grade at the USD 1050/mt CFR levels for shipment in December 2022.

Meanwhile in Bangladesh, LLDPE prices were assessed stable at the USD 1050-1100/mt levels for shipment in December 2022.

In India, LLDPE prices were assessed at the USD 1000-1050/mt CFR levels, unchanged week on week. A domestic industry source informed a Polymerupdate team member, “GAIL (India) Limited announced price protection in LLDPE grades except Metallocene grade with effect from November 24, 2022 till December 1, 2022 or the next price revision, whichever is earlier.”

In India, Middle Eastern producers have offered their LLDPE film grades in the range of USD 1000-1050/mt CFR levels for shipment in December 2022.

In Pakistan, LLDPE prices were assessed at the USD 1030-1080/mt CFR levels, constant from the previous week.

In Pakistan, Middle Eastern producers have offered their LLDPE film grades in the range of USD 1030-1080/mt CFR levels for shipment in December 2022.

The purchase pulse was largely sluggish as buyers were not proactively participating in bid discussions. Suppliers were heard to have adopted a cautious approach and were reportedly maintaining offers at stable levels though a few had reduced prices to spur buying activity and improve sales.

Feedstock ethylene prices on Tuesday were assessed at the USD 875-885/mt CFR South East Asia levels while CFR North East Asia ethylene prices were assessed at the USD 875-885/mt levels, both constant from the previous week.

In plant news, Rayong Olefins Company (ROC) has extended the turnaround of its cracker till end November 2022. The cracker was taken offstream on September 15, 2022. Located at Map Ta Phut, Thailand, the cracker has an ethylene production capacity of 900,000 mt/year.