The Asian price spread between high density polyethylene and ethylene feedstock turned negative Thursday, September 25, falling to minus $5/mt from parity a day before, due to the bearish PE market amid continued firm ethylene, Platts data showed.
The CFR China film-grade HDPE price fell $5/mt from Wednesday to be assessed at $1,550/mt Thursday, while CFR Northeast Asia ethylene was assessed flat at $1,555/mt during the same period. It was the first time in eight months that the spread has been negative.
