Low Density Polyethylene Asia

摘要

Asian low density polyethylene prices fell due to weak demand in the lead up to the Muslim holy month of Ramadan which starts June 18. During this month— which is a period of daily fasting from sunrise to sunset — demand is typically low in the Middle East and Southeast Asia. It is typical for manufacturers to lower their operating rates during the month, while some factories also undergo maintenance shutdowns and workers work shorter hours, market participants said. In plant news, China’s Shanghai Petrochemical, a subsidiary of Sinopec, plans to restart its 100,000 mt/year LDPE line in Shanghai on June 14, said a source close to the company Wednesday. It was shut May 31 for turnaround. The company’s other 100,000 mt/year LDPE plant was running normally, the source added.