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A major Singaporean producer has announced fresh weekly PE offers to China with $10-20/ton reduction for metallocene PE (mPE) compared to last week to $1350-1370/ton CFR China, LC AS term. Regular LLDPE film C4 from the maker is offered at $1220/ton with the same term.

The initial respond toward the latest price list is not very strong as sources are concern over the state of supply for mPE in the local ground after a good number of cargoes arrived the market in recent weeks. “LLDPE film cargoes are very competitive for Southeast Asian origin, however, we must purchase in bundle for both grades, and therefore, we are still considering,” a buyer commented.