Distributors in India report that they are actively on the lookout for import LDPE and LLDPE film cargoes owing to good demand in the local market, as per CHemorbis. Distributors attribute the relatively good demand seen for these products to limited availability for domestic materials. For the first few trading days of April, import offers have been reported at US$1550-1600/ton for LDPE film and at US$1350-1420/ton for LLDPE film, on CIF India, cash basis, with some done deals being concluded at US$1550-1565/ton for LDPE film and at US$1360-1420/ton for LLDPE film.
Meanwhile, demand for import HDPE film is relatively weak on sufficient HDPE supply in the local market. Relatively poor demand for HDPE film was also reflected in the price reductions of INR2000/ton (US$45/ton) which were seen last week in the local market. Import HDPE film offers currently stand at US$1220-1330/ton CIF India, cash, with distributors reporting that only a few deals have been concluded at the lower end of the range.
06-Apr-10 
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