The price of polyethylene, a plastic raw material, rose sharply in Asia
2022/02/18 17:22

 Plastic net, in step with icis released on monday (january 15) records showed that despite the fact that the fee of plastic raw cloth polyethylene in asia has kept a sharp upward thrust, the charge of brent crude has also reached 70 bucks a barrel, but in europe, pe plastic performance remains low. at the asian facet, the rate of polyethylene remained solid after the january 12 fee boom on monday, and the price of lldpe has risen to between $1,a hundred and seventy and $1,210 in keeping with ton (cif) . the price of lldpe in europe, alternatively, become within the range of 1,100 to 1,one hundred fifty euros ($1,361 to $1,410) in line with ton (after-tax transport) . most of the lldpe utilized in europe is imported, and most imports besides korea are situation to a 6.5% tariff. middle eastern sellers, then again, are much more likely to sell to asian customers than to europeans. thanks to producers’facilities in europe and the center east, these raw materials have a risk to enter europe thru normal channels. the rate difference of hdpe merchandise is the maximum obvious.

EUROPEAN-WIDE HDPE plastic prices have been maintained in a relatively depressed state, as of the end of January, prices remain stable. Despite the low net price, the seller was unable to raise the price. For Traders, the import price of HDPE is too high. But with several factories permanently closed, HDPE has become a dependent import product in Europe. Europe has imported new products from North America to close the price gap, but so far it has had no effect. In addition to the United States FOB (FOB) level is still unable to match European prices. “We don’t want to import from the US. We just want to sell our products at 1,350-1,400 euros per tonne,”said one dealer.