Major Qatar lifted LDPE offers in China

According to market sources, a major Qatari maker has implemented price hike of $10/ton for LDPE to reach $1260/ton meanwhile maintaining LLDPE film offers stable at $1180/ton, all based on CFR China, LC at sight term.

A buyer received the prices commented, “Supply for LDPE is still tight hence prices are still on the firmer stance, and we are waiting for further feedback from customers. Market sentiment is better in the afternoon hence we believed that there shall not be much difficulties to conclude deals this time.”