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Linear Low Density Polyethylene (LLDPE) prices spike in Asia

Petrochemical industry | 13 Oct 2021 14:30 IST | Polymerupdate.com

This week, LLDPE prices bolstered higher in Asia. The sharp price gain was triggered by firmer upstream energy and ethylene values. Stronger demand trends, bullish import offers from overseas producers and extremely tight product avails in the region further supported the price rise.

Higher LLDPE futures on the Dalian Commodity Exchange in China also contributed to the price rise across the Asian region.

In Far East Asia, LLDPE prices were assessed at the USD 1270-1320/mt CFR levels, a week on week surge of USD (+90/+100/mt).

In China, a Saudi Arabian producer has offered its LLDPE film grade at the USD 1270-1280/mt CFR levels, for shipment in November 2021. A Middle Eastern producer has offered its LLDPE film grade at the USD 1320/mt CFR levels, for shipment in November 2021.

In South East Asia, LLDPE prices were assessed at the USD 1270-1340/mt CFR levels, a week on week gain of USD (+20/+40/mt).

In Vietnam, a Saudi Arabian producer has offered its LLDPE film grade at the USD 1340/mt CFR levels, for shipment in November 2021. A Middle Eastern producer has offered its LLDPE film grade at the USD 1270/mt CFR levels, for shipment in November 2021.

In India, LLDPE prices were assessed at the USD 1290-1320/mt CFR levels, up USD (+30/mt) from the previous week.

In India, a Middle Eastern producer has offered its LLDPE film grade at the USD 1290/mt CFR levels, for shipment in November 2021. A Saudi Arabian producer has offered its LLDPE film grade at the USD 1320/mt CFR levels, for shipment in November 2021.

In the open markets of India, buying and pricing trends continued to remain bullish amid constrained product availability.

In Pakistan, LLDPE prices were assessed at the USD 1410-1450/mt CFR levels, a week on week rise of USD (+20/+40/mt).

In Pakistan, Middle Eastern producers have offered their LLDPE film grades in the range of USD 1410-1450/mt CFR levels, for shipment in November 2021.

In Sri Lanka, LLDPE prices were assessed at the USD 1370-1400/mt CFR levels, a gain of USD (+20/mt) from the previous week.

In Sri Lanka, Middle Eastern producers have offered their LLDPE film grades in the range of USD 1370-1400/mt CFR levels, for shipment in November 2021.

In Bangladesh, LLDPE prices were assessed at the USD 1390-1450/mt levels, a week on week increase of USD (+30/+40/mt).

In Bangladesh, a Taiwanese producer has offered its LLDPE film grade at the USD 1460/mt CFR levels, for shipment in November 2021. A Saudi Arabian producer has offered its LLDPE film grade at the USD 1390/mt CFR levels, for shipment in November 2021.

Feedstock ethylene prices on Tuesday were assessed at the USD 1155-1160/mt CFR North East Asia levels, a sharp gain of USD (+30/mt) from the previous week. CFR South East Asia ethylene prices were assessed at the USD 1070-1075/mt levels, a week on week rise of USD (+15/mt).

In plant news, PTT Global Chemical (PTTGC) has declared a force majeure (FM) on supplies of LLDPE on October 5, 2021. The company has undertaken an emergency shutdown at the plant on September 28, 2021, owing to technical issues. Further details on the duration of the FM could not be ascertained. Located at Map Ta Phut in Thailand, the No.2 LLDPE unit has a production capacity of 400,000 mt/year.
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