As both buyers and sellers have adopted a wait and watch policy, LDPE market outlook continues to be restrained on muted transactions. August shipment offers from the Middle East were heard at a subdued US$1930/MT CFR China, but typical offers in Asia continued to hover at least at least thirty dollars higher.
CFR China LLDPE offers from South Korea and Taiwan have moved up marginally to above US$1850/MT but have met with reluctance from most Chinese players who prefer to wait in the sidelines in anticipation of a price correction as they see feedstock ethylene prices dip.
11-Aug-08 
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