Polyethylene from Europe finds it’s way to China

14-Oct-09
After a week long break for its National Holidays, Chinese PE and PP buyers bounced into the markets and set the global markets in momentum as polymer trade showed signs of recovery due to restocking activities. European PE producer has sold large parcels to China as per ICIS, with both buyer and seller confirming a 2,000 tonne parcel of low density PE (LDPE) general purpose at US$1180/ton CFR China Main Port (CMP). The seller also reported a sale of 4,000 tons of coating grade at an average of US$1,250/ton CFR CMP. The price was consistent with other offers in the region.
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