The persistently low demand for black low-pressure polyethylene (PE100) in China adversely affects the sales of material producers in June, ICIS sources said.
Market participants expect that July material prices in China will decline, and the remaining June volumes of material will be transferred to July amid lack of any signs of improvement in demand in the near future.
Some sources added that the decline in quotations may be significant.
June price proposals from the main suppliers of black HDPE 100 to China are at the level of USD1,760-1,790 per tonne, CFR China.
According to the ICIS-MRC Price Review, the demand for black PE100 from the domestic market has grown in Russia. There is no deficit yet, although the only supplier – Kazanorgsintez – in June went on reducing export volumes. At the same time, some processors began actively forming additional PE stocks for the coming months.