Polymerupdate Asian resin pricing, July 13-17: PE, PS drop; PP, PVC on the rise

Linear low-density polyethylene (LLDPE) prices slipped in Asia last week, with CFR Far East Asia prices falling to $1235/tonne and CFR Southeast Asia prices at $1245/tonne, according to Polymerupdate. The fall was prompted by lower ethylene prices and subdued regional demand. Sabic was expected to have lesser spot availability of LLDPE through August due to higher domestic demand, and PetroRabigh has shut its LLDPE plants due to unstable feedstock supplies. Going forward, Formosa will shut its LLDPE plant for 40 days of maintenance in September. These outages are expected to tighten supplies and have resulted in a buyer seller gap. As an example, offers to India for were up to $1300/tonne CFR, with buyer bids far lower given the restart of the Haldia plant.

Low-density polyethylene (LDPE) prices began to fall at the end of last week after inching higher in the middle of the week due to tight regional avails. On Wednesday, general-purpose LDPE prices rose to $1280/tonne CFR Far East Asia, but by Friday had slipped to $1265/tonne CFR Far East Asia. CFR Southeast Asia prices of LDPE meanwhile were assessed at $1270/tonne last Friday. Prices were reported the highest in India with some trades fixed above $1320/tonne CFR to $1350/tonne CFR. In production news, Petlin Malaysia restarted its Kertih LDPE plant, while Laleh Petrochemical shut down its LDPE facility at Bandar Imam Kohmeini.

Polypropylene (PP) prices marched higher on a spike in propylene, with PP raffia and injection prices hitting $1160/tonne CFR Far East Asia and $1170/tonne CFR Southeast Asia. PP film prices reached $1210/tonne CFR Far East Asia and $1220/tonne CFR Southeast Asia. Buying activity for PP was muted across the region, however. In plant news, PetroRabigh reportedly shutdown is PP plant due an unplanned outage at its residue fluid catalytic cracker, while Haldia Petrochemicals restarted its PP facility on July 12th. In Saudi Arabia, Natpet has restarted its Yanbu PP site after a fortnight-long outage.

Polyvinyl chloride (PVC) producers have revised upward August offers to Southeast Asia on the basis of gains in upstream ethylene dichloride (EDC) prices and firm vinyl chloride monomer (VCM). A Thai PVC producer has lifted August offers by $60/tonne over July to $930/tonne to $940/tonne CIF. In plant news, Iran’s Arvand Petrochemical is planning trial runs at its facility in November. The plant has 300,000 tonnes/yr of PVC capacity, in addition to EDC, VCM, and caustic soda production capabilities.

Polystyrene (PS) prices fell in Asia last week, as regional supplies improved with the restart of select plants. The price drop was also supported by a decline in styrene monomer (SM). General-purpose PS prices fell to $1155/tonne CFR China and $1185/tonne CFR Southeast Asia, while high-impact PS prices dipped to $1230/tonne CFR China and $1280/tonne CFR Southeast Asia. In plant news, SK Networks’ Shantou 150,000-tonnes/year-PS-plant resumed operations following a fortnight-long maintenance shutdown. [email protected]

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