Market and product
Asian PE offers to Brazil jump $50-70/mt week-on-week
Asian polyethylene offers to the Brazilian domestic market rose$50-70/mt week-on-week, a trader said Monday.
"The Asian offers went up, but we believe the customers are not going toaccept the total increase because the bids at the moment are $50/mt downinstead of $30/mt as we had two weeks ago," the source said.
After the hike, Asian offers to Brazil were heard at $1,570/mt CFR forHDPE film, $1,600/mt CFR for LDPE film, $1,540/mt CFR for LLDPE butene and at$1,530/mt CFR for HDPE blow molding.
Bids in the Brazilian market this week were heard around $1,520/mt CFRfor HDPE film and at $1,550/mt CFR for LDPE film.
Demand for PE in Brazil is healthy and showing signs of improving.
"The Brazilian economy is growing and with it the polyethylene importside," the source said. "We believe this year we are going to have a highconsumption during Christmas time and the end of the year festivities whichis helping the polyethylene import side to grow as well gradually."
Polyethylene deal prices between Asia and Brazil were heard around$1,500/mt CFR for HDPE film, $1,480/mt CFR for LLDPE butene and at $1,490/mtCFR for LDPE film.
"We are not buying from Europe anymore because they are having problemswith logistics, and the customers would prefer to purchase from Asia or US," asecond Brazilian trader said. "By next week we should have the USpolyethylene offers for September."
"The Asian offers went up, but we believe the customers are not going toaccept the total increase because the bids at the moment are $50/mt downinstead of $30/mt as we had two weeks ago," the source said.
After the hike, Asian offers to Brazil were heard at $1,570/mt CFR forHDPE film, $1,600/mt CFR for LDPE film, $1,540/mt CFR for LLDPE butene and at$1,530/mt CFR for HDPE blow molding.
Bids in the Brazilian market this week were heard around $1,520/mt CFRfor HDPE film and at $1,550/mt CFR for LDPE film.
Demand for PE in Brazil is healthy and showing signs of improving.
"The Brazilian economy is growing and with it the polyethylene importside," the source said. "We believe this year we are going to have a highconsumption during Christmas time and the end of the year festivities whichis helping the polyethylene import side to grow as well gradually."
Polyethylene deal prices between Asia and Brazil were heard around$1,500/mt CFR for HDPE film, $1,480/mt CFR for LLDPE butene and at $1,490/mtCFR for LDPE film.
"We are not buying from Europe anymore because they are having problemswith logistics, and the customers would prefer to purchase from Asia or US," asecond Brazilian trader said. "By next week we should have the USpolyethylene offers for September."
