U.S. HDPE blow molding export prices drop US$88/tonne over night to US$1,157/tonne FAS Houston Oct. 13; traders expect producers to use export market to balance domestic fundamentals
Alison Gallant
LOS ANGELES
,
October 17, 2011
(Industry Intelligence)
–
Prices for U.S. high-density polyethylene export blow molding declined US$88 per tonne ($0.04 per pound) over night to settle at $1,157/tonne free alongside ship Houston ($0.525/lb.) Oct. 13 as suppliers look to offload excess volumes to stabilize prices, Platts reported the same day.
There were deals at $.0565/lb. FAS Houston earlier in the week for export blow molding while prices for domestic were quoted down $0.03/lb. in October. By week’s end, buyers talked domestic prices down $0.05/lb. on soft demand.
Platts noted that with prices being at $1,157/tonne FAS Houston, blow molding could be shipped to Asian or South American markets. Market players speculated that producers would use the export market to balance fundamentals in the domestic market where blow molding prices were in a broad range over and under $0.65/lb. depending on volume.
Prices for U.S. high-density polyethylene export blow molding declined US$88 per tonne ($0.04 per pound) over night to settle at $1,157/tonne free alongside ship Houston ($0.525/lb.) Oct. 13 as suppliers look to offload excess volumes to stabilize prices, Platts reported the same day.
There were deals at $.0565/lb. FAS Houston earlier in the week for export blow molding while prices for domestic were quoted down $0.03/lb. in October. By week’s end, buyers talked domestic prices down $0.05/lb. on soft demand.
Platts noted that with prices being at $1,157/tonne FAS Houston, blow molding could be shipped to Asian or South American markets. Market players speculated that producers would use the export market to balance fundamentals in the domestic market where blow molding prices were in a broad range over and under $0.65/lb. depending on volume.
Prices for U.S. high-density polyethylene export blow molding declined US$88 per tonne ($0.04 per pound) over night to settle at $1,157/tonne free alongside ship Houston ($0.525/lb.) Oct. 13 as suppliers look to offload excess volumes to stabilize prices, Platts reported the same day.
There were deals at $.0565/lb. FAS Houston earlier in the week for export blow molding while prices for domestic were quoted down $0.03/lb. in October. By week’s end, buyers talked domestic prices down $0.05/lb. on soft demand.
Platts noted that with prices being at $1,157/tonne FAS Houston, blow molding could be shipped to Asian or South American markets. Market players speculated that producers would use the export market to balance fundamentals in the domestic market where blow molding prices were in a broad range over and under $0.65/lb. depending on volume.
The primary source of this article is Platts, New York, New York, Oct. 14, 2011.
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