Freight costs to Brazil rise from Korea, Thailand, making offers unattractive

Polyethylene freight costs to Brazil from Thailand and South Korea rose by US$30/mt this week, making pricing from the two Asian countries not seem attractive, as per Platts. Prices could come down next month subject to the dollar exchange rates. Strength of the US dollar vs the Real has been a problem in the polyethylene import Brazilian market since January. The dollar value against the real Tuesday was US$1.92. To have a healthy import market the dollar value should be around US$1.71. The US$30/mt boost has ramped up freight costs to US$120/mt. South Korean offers to Brazil are now pegged around US$1620/mt CFR for HDPE film and blow molding, and US$1610/mt CFR for HDPE injection, while Thai offers were around US$1580/mt CFR for HDPE film and at US$1560/mt CFR for LLDPE film. LDPE film deal price this week between China and Brazil was heard at US$1560/mt CFR while LLDPE butene between Qatar and Brazil was at US$1550/mt CFR.
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