Trading in PE spot slightly weakens yesterday low melt polyester staple fiber

PE granule spot

Trading in PE spot slightly weakens. LLDPE futures contract decreases slightly in the morning and spot market is largely moderate. The spot-futures basis between the coal-based LLDPE spot and LLDPE futures contract for May 2019 is at around 0.

In East China, traders offer for LLDPE at 8,200-8,350yuan/mt (imported, with anti-blocking agent at 8,300yuan/mt), LDPE at 8,600-8,800yuan/mt, HDPE film grade at 8,700-9,500yuan/mt, medium-MFR injection 8,200-8,700yuan/mt, raffia 8,900-9,400yuan/mt, blowmolding 8,800-9,400yuan/mt and pipe 9,400-10,200yuan/mt.

In North China, offers for LLDPE are mostly at 8,200-8,350yuan/mt, LDPE at 8,600-8,800yuan/mt, and HDPE blowmolding (Dushanzi 5502) at 9,350yuan/mt, film (Daqing 6097) 8,950yuan/mt, and injection (Lanzhou 8008) 8,300yuan/mt.

In South China, traders offer for LLDPE at 8,200-8,400yuan/mt, LDPE at 8,850-9,000yuan/mt, and HDPE film (Maoming TR144) 9,000yuan/mt, injection (Lanzhou 8008) 8,400yuan/mt, and blowmolding (Maoming 5502LW) 9,100yuan/mt, by cash, delivered.