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South Asia PE: Mostly stable amid unchangedfundamentals / Local producers offer discounts / Fewer Offers, Discussions

South Asia PE: Mostly stable amid unchangedfundamentals / Local producers offer discounts / Fewer Offers, Discussions

Jul 22, 2024

South Asia polyethylene prices were mostly stable in the weekto July 17, amid unchanged market fundamentals and thin tradingactivity.Trade sources said that there were fewer import discussionsin the market that were unchanged, though domestic marketappeared slightly weaker.A trader said local producers have issued discounts to boostsales, indicating softer demand.However, international suppliers have been largely fixed onlast offer levels, and a general drop in PE offers was yet to beseen, the trader said.PE market fundamentals were unchanged, so the pricediscussions did not show much movement through the week, adomestic producer said.The availability of high density polyethylene injection graderemained tight in the local market, another trade source said,adding that domestic HDPE injection-grade prices were firmthisweek.Most tradable indications for HDPE film hovered in $1,030-$1,040/mt range, while tradable ideas for HDPE blowmoldingwerein $1,025-$1,030/mtrange.Meanwhile, HDPE...

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