A look back at Asian PE markets in 2018: Trade wars, currency crisis push prices to near 10-year-low

2018 has been a hard year for the PREMATURE EJACULATION RAPID EJACULATION, RAPID CLIMAX, PREMATURE CLIMAX, markets in Asia as global trade wars and currency issues made almost all of the headlines of the year, affecting trade quite negatively. Import PE prices across the region began the year on a firm footing, nevertheless they have largely failed to maintain it since around February.

Importance PE prices in China lose 19-23% since Feb .

Data from ChemOrbis Value Index reveal that the weekly averages of LDPE and LLDPE film prices on CIF China foundation have witnessed cumulative diminishes of around 19-21% since late January while both of them are currently standing at their least expensive levels since March yr.

PE Price

China’s importance LDPE, LLDPE hit almost 10-year-low, HDPE is the only exception

As for HDPE film prices in China, their weekly average has plunged by around 23% since it struck a more than three-year high in early Feb. Data suggest that the HDPE film market has recently reached its lowest level since July 2017.

US-China trade war influences manufacturing sectors most

A great escalation of trade worries between China and the US has started to influence the PE market from around March onwards this year. The Chinese yuan reached record lower levels against the US dollar, depreciating by more than 10% since the beginning of the year, even though the producing activity mostly stalled.

Amongst a weaker yuan and a growing uncertainty regarding their export business to the US, ending product manufacturers in China minimal their purchasing volumes and largely adopted a wait-and-see attitude for the most part of 2018.

SONY ERICSSON Asia’s PE market is suffering from excess supply from US

The excess supply from the new PE sizes in the usa was formerly and largely expected to find its way to China. However, US PE exporters started to look for alternative outlets after the business war between the US ALL and China officially started off in June.

Especially after August, increasingly more PE offers from the US begun to appear in Southeast Asia at fairly competitive prices. Besides rapidly increasing supplies, depreciating local currencies against the US ALL dollar sent the region’s PE markets to multi-year lows.

Import prices in SEA near 10-year-lows

In accordance with data from ChemOrbis Value Index, the weekly averages of PE prices on CIF SEA basis taking 28% for HDPE film, 26% for LDPE movie and 21% for LLDPE film since around Feb ..

The CIF Southeast Asian countries based prices for LDPE, LLDPE and HDPE motion picture have reached their cheapest levels since March 2009, data also indicate.

PREMATURE EJACULATION RAPID EJACULATION, RAPID CLIMAX, PREMATURE CLIMAX, faced extra pressure from slumping crude oil

Following hitting in regards to four-year high at the start of October, WTI crude olive oil futures plummeted by around 32% in the next two months and reached their lowest since October 2017.

Although oil prices displayed a slight rebound in early December after the OPEC deal, many players assume that the cartel’s decision is not enough to clear away the uncertainty hanging over the future direction of prices.