The spot prices of linear polyethylene (LLDPE) in the Chinese market fell on March 9 to a seven-month low against the backdrop of high stock levels and weak demand, as well as lower quotations in the futures market, ICIS sources told the market.

Thus, domestic LDL prices in East China fell to 9,325 yuan (CNY) or USD1,471 per ton, down by CNY75 compared to March 8 level. According to ICIS, in relation to the level as of March 1, prices fell by CNY175 per ton.

A decline in quotations of LDL in the futures market further exerted pressure on spot prices.

According to market sources, producers and traders now have large stocks of material due to lower than expected demand after the celebration of the Lantern Festival in China.

According to the Price Review of ICIS-MRC, in the Russian market of butylene LDL last week there was a rise in prices. Has risen in price both Russian, and Middle East PE.