China PE might peak on buy-sell gap

SINGAPORE (ICIS news)--Polyethylene (PE) prices in China might peak as the buy-sell price gap widens with suppliers seeking further price hikes for July shipment, regional producers and traders said on Wednesday.

Import interest has waned on weak sentiment caused by a sharp fall in domestic prices.

Key Middle East and Asian producers announced offers for July shipment at $1,790-1,820/tonne CFR (cost and freight) China for film grade high density PE (HDPE), and at $1,820-1,850/tonne for linear low density PE (LLDPE), the producers and traders said.

Source：ICIS News

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