The hottest PE source in Asia focuses on China's t

2022-10-24
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Asian PE sources focus on China's tariff adjustment

the tariff reduction has left some room for suppliers and importers to raise prices, but the market has not reacted much. Both production and circulation sectors had expected that the tariff reduction would stimulate importers to replenish lower inventories, but this was not obvious. Judging from the trading situation this week, the actual number of transactions has not increased. The tariff reduction of 1.8% is not much different from the original estimate of 2 percentage points. Interestingly, Chinese importers require that PP delivered in December be extended to January next year in order to enjoy the new import tariff declaration. Because the tariff reduction of PP is much higher than that of PE, it will be reduced from 16% to 10%. In the Southeast Asian market, polyethylene demand is weak, especially in Malaysia and Indonesia, as it will enter a long holiday next week

hdpe: the markets of China, India and Pakistan are stable, but the Southeast Asian market rose by $15/ton. The market sentiment was stable. After China announced that the tariff was reduced from 16% to 14%, there was no new order demand. The price of film material per ton is 470 US dollars/ton CFR China and Hong Kong. In the Southeast Asian market, the price is higher than US $10, and at least one large importer expressed interest in purchasing at US $480/ton CFR spot or US $500 90 day letter of credit. The market price in India is 440 US dollars/ton and that in Pakistan is 470 US dollars/ton

ldpe: although the Chinese government officially announced that the import tariff of polyethylene would be reduced from 16% to 14.2% from January 1, 2002, the domestic price still fell by about $10. With the official announcement of tariff concessions, people's speculation about the scope and date of tariff concessions has been leveled in recent weeks, and all problems have been added to 1. In December, tons of LDPE film materials changed hands in USD/ton (CFR China, Hong Kong)

lldpe: although the Chinese government officially announced that the import tariff of polyethylene would be reduced from 16% to 14.2% from January 1, 2002, the domestic price still fell by about $5. The trading volume has not increased significantly this week, because China has ordered a large number of goods, which will arrive in nearly two to three weeks. The bid price of tons in December is $410 CFR China and Hong Kong. The manufacturer initially quoted us dollars per ton, but later negotiated a price of US $420 per ton

SK company, the largest oil refining company in South Korea, has reduced the operating rate of its LLDPE production line by more than 30% from November 12. The LLDPE annual capacity of SK company is 160000 tons. Previously, the operating rate of the LLDPE unit of the company was 0531 8% of that of Jinan experimental machinery factory. Hanhua chemical company closed one of its three LLDPE production lines from November 16, reducing its output by about 10000 tons per month. Hanhua chemical company has an annual output of 355000 tons of LLDPE, 40% of which are exported to foreign countries, and the rest are sold in China. Hyundai Corporation of Korea has also helped enterprises clarify their development ideas. It is considering stopping production of the "MOLP" project, which is dominated by internal material researchers. It has an LLDPE production line with an annual capacity of 160000 tons. Samsung Chemical Corporation also intends to reduce the operating rate of its LLDPE device by 30%

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