Indian PE market extended firming trend

Players in India market reported receiving higher PE offers from both international and local suppliers this week as healthy demand collides limited supply condition. Indeed, a major Saudi Arabia maker lifted their offers to $1210/t for HDPE film and $1220/t for LLDPE film, all based on CIF India, LC AS term.  

A buyers commented, “Event local supplier has increased their HDPE and LLDPE offers by Rs1000-1500/t ($15-22/t) and claiming limited supply and firmer upstream costs to be the support. Demand in India is healthy at the moment and we think that this would continue to support the firming trend in the near term.”

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