High-Density Polyethylene Asia

摘要

Asian high density polyethylene prices were steady to lower this week, amid thin trading due to a seasonal slowdown. In China, buyers stayed away in anticipation of further price reductions for July-and August-loading cargoes as manufacturing activities slow down during this period. In India also demand was sluggish as the monsoons were approaching, which typically runs from June-September but was slightly delayed this year, said sources. There will be few Middle East cargoes heading to Asia once the Muslim holy month of Ramadan begins from June 18, causing a lag in shipments and clearance procedures in key exporting countries such as Saudi Arabia, traders said. In plant news, IndianOil Corporation Ltd. will restart its 350,000 mt/year high density polyethylene/linear low polyethylene swing plant at Panipat, Haryana, on June 18, a company source said Wednesday. Looking ahead, South Korea’s Hanwha Chemical Corp.