According to information from the polymers of the price index, the price of imported HPDE film in the south-east Asian region has shifted to lower prices of local deals on ethylene in the Far East Asia during the last two weeks. In addition to the solid trend of crude oil, wholesale ethylene prices in the Far East Asia, supported by a reliable supply and a healthy demand for the past three weeks.
Although ethylene prices stabilized due to the loss of petroleum products, they still exceed the prevailing imports in Southeast Asia.
The local price of ethylene, based on CFR Far East Asia recorded a cumulative increase of $ 130 / ton in the second week of August, while they have recently stabilized at around $ 1,195 / ton, the highest level since mid-April.
The data indicate that the gap between the local ethylene prices in based on HDPE prices film Far East Asia and CFR South East Asia currently accounts for about $ 42 / t, assuming that the HDPE film is being sold well below the break-even point for producers in Northeast Asia.