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Live News | Time:Nov 16 2017 11:13AM
PE spot price and sentiment evidently down
 
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Sinopec & PetroChina’s EXW offers
Sinopec East cuts offers for LLDPE up by 100yuan/mt, by cash, ex-works.
PetroChina North cuts offers for LLDPE by 100yuan/mt, by cash, ex-works.

PE granule spot
PE spot is dragged down by deep fall in futures market, and sentiment has evidently dropped. Petrochemical suppliers also cut in line with the softening trend for LLDPE ex-works levels. Traders had to lure buyers with lower offers as well.

In East China, traders offer for LLDPE at 9,650-9,900yuan/mt (with anti-blocking agent above 10,000yuan/mt), LDPE at 10,350-10,600yuan/mt, HDPE film-grade and medium-MFR injection-grade at 11,000-11,900yuan/mt and 9,700-9,800yuan/mt, Thailand-origin raffia-grade 5000S at 10,200yuan/mt, Jilin’s pipe-grade 100S at 12,000yuan/mt.
In North China, offers for LLDPE are mostly at 9,550-9,700yuan/mt, LDPE at 10,300-10,600yuan/mt, and HDPE (raffia-grade 5000S, blow-molding-grade 5502 and injection-grade 8008) at 10,300yuan/mt, 10,500yuan/mt, and 10,200yuan/mt.
In South China, traders offer for LLDPE at 10,000-10,0500yuan/mt, LDPE at 10,400-10,550yuan/mt, and HDPE (Maoming blmdg 5502LW, Daqing film-grade 6097 and Daqing raffia-grade 5000S) at 11,300yuan/mt, 11,300yuan/mt and 10,550yuan/mt, by cash, delivered.

$1=CNY 6.65
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