Polymerupdate News - HDPE prices drop in FEA
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HDPE prices drop in FEA

Petrochemical industry | 16 May 2019 09:30 IST | Polymerupdate.com

HDPE prices edged lower in the Far East Asian regions this week. Prices fell mainly on account of bearish buying sentiments in major markets like China.

A trader based in China when contacted said, “demand trends and the general mood in China’s domestic markets have been impacted owing to the mounting US-China trade tensions.”

In Far East Asia, HDPE film prices were assessed lower at the USD 1060/mt levels, a week on week fall of USD 10/mt. HDPE blow moulding prices were at the USD 1050/mt levels, while HDPE injection prices were at the USD 1005/mt levels, both decline of USD 5/mt from the previous week. HDPE yarn prices were assessed lower at the USD 1060/mt levels, a week on week drop of USD 10/mt.

In Bangladesh, HDPE yarn prices were assessed at the USD 1055/mt levels, while HDPE Injection grade prices were at the USD 1045/mt levels, both down USD 5/mt from the previous week. HDPE BM were assessed at the USD 1065/mt levels, while HDPE film prices were assessed at the USD 1075/mt levels, both decrease USD 5/mt from the last week. The price fall was supported by continued dull regional demand trends.

In South East Asia, HDPE BM prices were assessed steady at the USD 1075/mt levels. HDPE yarn prices were assessed stable at the USD 1090/mt levels while HDPE Injection prices were assessed flat at the USD 1030/mt levels. HDPE film prices were at the USD 1090/mt CFR levels, unchanged from the previous week.

In India, HDPE film prices were assessed steady at the USD 1070/mt CFR levels. HDPE injection prices were assessed at the USD 1020/mt levels, while HDPE yarn grade rates were assessed at the USD 1070/mt levels, both unchanged from the previous week. HDPE BM prices were assessed stable at the USD 1060/mt levels. The purchase pulse remained soft in the region amid sufficient product availability.

In Sri Lanka, HDPE film prices were assessed at the USD 1120/mt levels while HDPE BM prices were assessed at the USD 1110/mt levels, both unchanged from the previous week. HDPE injection grades rates were assessed stable at the USD 1075/mt levels, while HDPE yarn grade rates were also assessed flat at the USD 1085/mt levels.

In Pakistan, HDPE BM grade prices were assessed at the USD 1130/mt levels, while HDPE film prices were at the USD 1120/mt CFR levels, both unchanged from the last week. Prices of HDPE yarn were assessed steady at the USD 1075/mt, while HDPE Injection grade prices were also assessed stable at the USD 1060/mt levels. Buyers remain on the side line due to the ongoing Ramadan festival.

Feedstock ethylene prices on Tuesday were at the USD 955/mt CFR North East Asia levels , week on week gain of USD 5/mt. CFR South East Asia prices of ethylene were at the USD 890/mt levels, a fall of USD 10/mt from the previous week.
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