A major Taiwanese producer has offered LLDPE c4 and HDPE film prices at the same levels compared to the pre-holiday period - US$1500/ton and US$1430/ton respectively, CFR China main port, subject to 6.5% customs duty, cash basis for early March delivery, as per Chemorbis. The producer admits to facing difficulties for deal conclusion at these levels, making them willing to offer small discounts in return of firm bids to stimulate some buying interest. Many converters are yet to return to the market post-holiday in China.
Ethylene prices in Asia have recorded US$100-105/ton decreases since the beginning of February due to the ample supply levels, caused by the heavy import activities from the Middle East as well as the regional producers. Now, spot ethylene prices are pegged at US$1250-1260/ton on CFR NEA and at US$1300/ton on CFR SEA basis.