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Low Density Polyethylene (LDPE) prices bolster higher in SEA and SA

Petrochemical industry | 16 Dec 2020 17:10 IST | Polymerupdate.com

This week, LDPE prices bolstered higher in the South East and South Asian regions. The sharp price gain was triggered by bullish import offers from the overseas producers, stronger regional demand trends and persistent tight product availability.

In South-East Asia, LDPE prices were assessed at the USD 1430-1500/mt CFR levels, a week on week surge of USD 30-50/mt.

A trader based in Vietnam while in conversation with a Polymerupdate team member said, "LDPE prices in Vietnam continue to remain firm owing to persistent tight product availability and bullish import offers."

When asked to comment on LDPE lamination grade current import offers, the trader added, "A South Korean producer has offered its LDPE lamination LDC801YY at the USD 1770/mt CFR levels in Vietnam. The producer also offered the same grade in Indonesia and Philippines at the USD 1720/mt and USD 1750/mt CFR levels respectively, for January 2021 shipment."

In India, LDPE prices were at the USD 1350-1430/mt CFR levels, a spike of USD 40-90/mt from previous week.

In India, a Middle Eastern producer has offered its LDPE film grade at the USD 1430-1450/mt CFR levels, for January 2021 shipment. LDPE lamination grade prices are heard to have been offered by a major Thai producer at the USD 1690/mt CFR levels, for January 2021 shipment.

Domestic producers in India are expected to raise their LDPE prices on the back of persistent tight product availability, robust regional demand trends and bullish import offers from overseas suppliers.

In Pakistan, LDPE prices were assessed at the USD 1400-1470/mt levels, a week on week rise of USD 20/mt. In Bangladesh, prices were assessed at the USD 1400-1450/mt CFR levels, both up by USD 10-20/mt from last week.

In Sri Lanka prices were assessed at the USD 1400-1450/mt CFR levels, a rise of USD 20-30/mt from previous week.

Meanwhile, in Far East Asia, LDPE prices were assessed stable at the USD 1385-1415/mt CFR levels.

Feedstock ethylene prices on Tuesday were assessed lower at the USD 895-900/mt CFR South East Asia levels, a drop of USD 10/mt from last week. CFR North-East Asia ethylene prices were at the USD 955-960/mt levels, a week on week fall of USD 10/mt.

In plant news, Saudi Ethylene and Polyethylene (SEPC) has shut down its 400,000 mt/year LDPE plant located in Al-Jubail, Saudi Arabia, in early December 2020, owing to a major technical malfunction at its upstream cracker. The SEPC cracker has an ethylene production capacity of 1 million mt/ annum and propylene production capacity of 285,000 mt/ annum. SEPC is a JV between LyondellBasell, Tasnee Petrochemicals and Sahara Petrochemical.



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