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Asian LLDPE market quiet in Southeast Asia as buyers wait for fresh offers / Trading activity in China stable / LLDPE prices rise in India

Asian LLDPE market quiet in Southeast Asia as buyers wait for fresh offers / Trading activity in China stable / LLDPE prices rise in India

Jun 15, 2024

Southeast Asian linear low-density polyethylene was quiet during the week of June 12, as participants awaited new offers. LLDPE film grade unchanged week on week at$1,020/mt CFR Southeast Asia.With most Middle East suppliers having completed their Juneshipment deals, sources said that there was no significant pricemovements in the market across the week.However, rising freight rates and the existing port congestionaround Singapore and Port Klang have caused uncertainties inthe market."The port congestion and freight costs are affecting customerand supplier negotiations, it's hard to make a decision becauseit's quite unpredictable," said a trader.Trading activity in China was stable post holidays thoughdemand is expected to weaken as the summer off-seasonapproaches, said sources.The most actively-traded September futures on the DalianCommodity Exchange rose Yuan 46/mt on the day to Yuan 8,613/mt ex-tank.In India, LLDPE prices...

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