Asia HDPE: Low demand■ Malaysian PRefChem opens new PE facilities■Brent falls $7.13/bAccording to market sources, Asian high
density polyethylene prices dropped in the week ending Aug. 31, due to low
demand. Although
the price of production has fallen slightly with lower ethylene prices, two
sellers stated that supply and price growth remain limited due to low demand. According to traders, polyethylene units are running at
about 80%. Although there isn't much
information about downstream factories' export manufacturing, sources say that
there is very little discretionary income to spend due to the poor property
market in China. According to sellers,
there had not been an increase in orders in downstream plastic factories in
November 11 sales. Sources said that there
was a disconnect between the upstream and downstream price for several months.
For example, when crude oil...