High-Density Polyethylene Europe

摘要

European high density polyethylene spot prices were down this week amid falling Asian prices, better availability of domestic product and import offers, sources said. Tightness in some grades remained though, providing a floor, sources said. A seasonal slowdown saw prices in Asia slide. HDPE film was assessed at $1,320/mt CFR Far East Asia Wednesday, down $20 on the week. Risk-averse buying was an outcome of Europe becoming the highest priced region in the world and beginning to attract imports from Middle East, Asia and North America. Injection converters also noted imports offers from Egypt. Converters had begun buying more “carefully” and “selectively,” a converter said. Also, Total’s force majeure on its 210,000 mt/year HDPE unit in Gonfreville, France, could be fully lifted on June 30, the company said in a letter seen by Platts.