Linear Low Density Polyethylene Asia

摘要

Asian linear low density polyethylene prices fell $10-$60/mt this week on seasonally weak demand and ample supply as plants gradually return from turnarounds. CFR Far East Asia LLDPE fell $10/mt week on week to $1,270/mt Wednesday. State-owned PetroChina plans to restart its 220,000 mt/year LLDPE and 300,000 mt/year HDPE units in Jilin province on June 15, a source close to the company said Wednesday. The LLDPE unit was shut on May 5 while the HDPE unit was shut May 7 for maintenance. CFR Southeast Asia was assessed $10/mt lower at $1,290/mt, on weak demand and the expectation of increased supply with the planned restart of Thai PTT Global Chemical’s 400,000 mt/year LLDPE plant at Map Ta Phut this week. The plant was shut in the second week of May for a turnaround. Meanwhile in India, demand was weak following a slowdown in manufacturing activities as monsoon season approaches. CFR South Asia was assessed $60/mt lower on week, at $1,320/mt.