Polymerupdate News - HDPE prices journey southward in Asia
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HDPE prices journey southward in Asia

Petrochemical industry | 08 Aug 2019 09:30 IST | Polymerupdate.com

HDPE prices, down adjusted this week, in Asia. Prices declined, on the back of bearish upstream crude and naphtha values, coupled with poor regional buying trends. Reports of sufficient product availability, further pressured prices lower in the region.

In Far East Asia, HDPE film prices were assessed lower, at the USD 960/mt levels, a fall of USD 20/mt from the last week. HDPE blow moulding prices, were assessed down at the USD 940/mt levels, a week on week decline of USD 10/mt. HDPE injection prices, were assessed at the USD 875/mt levels, a tumble of USD 40/mt on the week. HDPE yarn prices, were assessed lower, at the USD 945/mt levels, a sharp week on week fall of USD 25/mt.

In South East Asia, HDPE BM prices were assessed lower, at the USD 940/mt levels, a week on week drop of USD 20/mt. HDPE film prices were assessed down, at the USD 965/mt CFR levels, a fall of USD 5/mt from the previous week. HDPE Injection prices, were assessed at the USD 900/mt levels, a sharp decline of USD 30/mt from the last week. HDPE yarn prices were assessed, at the USD 960/mt levels, a week on week decrease of USD 15/mt.

In India, HDPE film prices, were assessed at the USD 950/mt CFR levels while, HDPE BM prices were at the USD 940/mt levels, both down USD 10/mt from the previous week. HDPE yarn prices, were at the USD 960/mt levels, a fall USD 10/mt from the previous week. HDPE injection prices, were at the USD 930/mt levels, a week on week drop of USD 20/mt.

In Sri Lanka, HDPE injection grade rates, were at the USD 945/mt levels, while HDPE yarn grade rates, were at the USD 940/mt levels, both down USD 20/mt from the previous week. HDPE BM prices were assessed stable, at the USD 960/mt levels, while HDPE film prices, were assessed flat at the USD 980/mt.

In Pakistan, HDPE Injection grade prices, were assessed lower, at the USD 940/mt levels, a fall of USD 10/mt from the last week. HDPE yarn prices were at the USD 940/mt, a week on week drop of USD 20/mt. HDPE BM grade prices, were at the USD 970/mt levels, while HDPE film prices were, at the USD 960/mt, both up USD 10/mt on the week.

In Bangladesh, HDPE BM prices, were at the USD 970/mt levels, while HDPE film prices, were at the USD 970/mt levels, both unchanged from the previous week. HDPE Injection grade prices, were assessed stable, at the USD 945/mt levels, while HDPE yarn prices were assessed steady, at the USD 940/mt levels.

Feedstock ethylene prices on Tuesday, were at the USD 925/mt CFR North East Asia levels, a whopping increase of USD 90/mt from the previous week. CFR South East Asia prices of ethylene, were at the USD 825/mt levels, a week on week surge of USD 80/mt.
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