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首页>资讯> 资讯> 康琦头条> ICIS聚乙烯 亚太地区-价格与洞察-2023年11月3日
ICIS聚乙烯 亚太地区-价格与洞察-2023年11月3日
2023-11-06 09:47:17来源: ICIS编辑:康琦专塑点击:329

OVERVIEW

  • China PE import prices mostly stable; limited offers due to poor netbacks

  • SE Asia PE prices largely stable to soft amid stiff price competition

  • Vietnam price drops continue, outpacing rest of SE Asia 

China’s PE import discussions were largely stable in part due to an absence of offers by major overseas suppliers because of unattractive netbacks and with buyers showing limited interest to actively re-stock.

Southeast Asia’s PE import discussions were largely stable to soft as poor downstream finished goods demand continued to plague the market while stiff price competition also persisted among sellers.

In Vietnam, the extreme bearish market sentiment persisted, with losses outpacing the rest of the southeast Asian markets amid ample supply of competitively priced import cargoes.

Scattered offers by some Middle Eastern and southeast Asian producers met resistance with buying indications then coming in well below the initial offer levels.

According to ICIS analysts in the latest forecast report, PE producers are expected to struggle with tight margins for the rest of 2023 with operating rates at some producers likely to be reduced further due to limited ability to pass on higher costs to consumers.

OUTLOOK

  • Players more likely to wait-and-see on weak demand outlook

  • SE Asia PE supply may rise further before end of 2023

  • ICIS analysts forecast PE prices may slip further rest of 2023 with slight gain then seen in Jan 2024

LDPE

SPOT PRICES 




Price Range


Four Weeks Ago

US CTS/lb

LDPE Film  

CFR China 

USD/tonne

n/c

950-980

n/c

1000-1040

43.09-44.45

CFR SE Asia All Origins 

USD/tonne

n/c

970-1050

+10

1000-1070

44.00-47.63

CFR SE Asia Dutiable* 

USD/tonne

+20

990-1010

+10

1000-1040

44.91-45.81

CFR SE Asia Non-Dutiable 

USD/tonne

n/c

1020-1050

+10

1020-1070

46.27-47.63

CFR Vietnam All Origins 

USD/tonne

n/c

970-1010

n/c

1000-1070

44.00-45.81

 

Click here for the list of deals and discussions for China and here for southeast Asia.

CFR China prices were based on deals.

CFR SE Asia dutiable prices were based on offers in the absence of deals.

CFR SE Asia non-dutiable prices were also assessed on offers in the absence of deals.

CFR Vietnam all-origins prices were assessed on offers at the high end with the low end assessed in line.

LLDPE

SPOT PRICES 




Price Range


Four Weeks Ago

US CTS/lb

LLDPE Film  

CFR China 

USD/tonne

+5

895-930

n/c

930-960

40.60-42.18

CFR SE Asia All Origins 

USD/tonne

-20

910-1040

n/c

980-1050

41.28-47.17

CFR SE Asia Dutiable* 

USD/tonne

n/c

940-960

-10

980-1010

42.64-43.54

CFR SE Asia Non-Dutiable 

USD/tonne

n/c

1000-1040

n/c

1010-1050

45.36-47.17

CFR Vietnam All Origins 

USD/tonne

-20

910-950

-30

980-1010

41.28-43.09

 

Click here for the list of deals and discussions for China and here for southeast Asia.

CFR China prices were based on deals.

CFR SE Asia dutiable prices were assessed on deals and offers.

CFR SE Asia non-dutiable prices were assessed stable to reflect limited rangebound offers.

CFR Vietnam all-origins prices were assessed on deals, offers and buying indications.

HDPE

SPOT PRICES 

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Click here for the list of deals and discussions for southeast Asia.

HDPE FILM

Click here for the list of deals and discussions for China and here for southeast Asia.

CFR China prices were based on deals.

CFR SE Asia dutiable prices were assessed on deals at the low end with the high end assessed in line. The high end also coincided with offers. The range accounted for the bulk of the week’s deals and offers.

CFR SE Asia non-dutiable prices were assessed on deals and offers.

CFR Vietnam all-origins prices were based on deals, offers and buying indications.

HDPE INJECTION

HDPE low-MI and high-MI injection CFR China prices were based on deals at the high ends with the low ends assessed in line.

Dutiable and Non-Dutiable CFR SE Asia HDPE injection prices were assessed in line with Dutiable and Non-Dutiable CFR SE Asia HDPE film prices in limited discussions.

The HDPE injection CFR Vietnam all-origins prices were assessed in line with HDPE film CFR Vietnam prices in limited price discussions. 

HDPE BLOW MOULDING

CFR China prices were based on deals.

Dutiable CFR SE Asia HDPE blow moulding prices were assessed on offers.

Non-dutiable CFR SE Asia HDPE blow moulding prices were assessed on deals and offers.

HDPE blow moulding CFR Vietnam all-origins prices were assessed on offers at the low end with the high end assessed in line.

OTHER REGIONS

PRODUCTION

 

Blue: expected capacity Green: online Orange: scheduled shutdown Red: unscheduled shutdown

Click here for the ICIS Live Supply Disruption Tracker.

UPSTREAM

  • Click here for the Asia feedstocks and petrochemicals weekly summary

  • Ethylene vs SE Asia LLDPE price spread narrowed further this week, suggesting further pressure on producer margins

  • Ethylene vs NE Asia LLDPE price spread stayed below the threshold level

Feedstock Spread – Ethylene and LLDPE SE Asia

Feedstock Spread – Ethylene and LLDPE NE Asia

FEEDSTOCK SPOT PRICES

Price Range


Four Weeks Ago

Ethylene

CFR NE Asia 

USD/tonne

+10

870-885

n/c

870-900


Polyethylene (Asia-Pacific) | 03-Nov-2023. ICIS accepts no liability for commercial decisions based on the content of this report. Unauthorised reproduction, onward transmission or copying of the Polyethylene (Asia-Pacific) Report in either its electronic or hard copy format is illegal. Should you require a licence or an additional copy of the Polyethylene (Asia-Pacific)

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