HDPE Raffia is a type of HDPE with a Melt Flow Index (MFI) of approximately 1g/10 minutes at 190 degrees Celsius and 2.16 kg. Its primary application is in the extrusion of fibers for weaving PP bags and HDPE tarpaulin sheets. An Thanh is a distributor for major plastic manufacturers such as Sabic, Orpic, PTT, SCG, Lotte, Hengli, PetroChina, Formosa, Sinopec, and others.
The global market size for tarpaulin sheets is projected to increase from US$ 8.1 billion in 2023 to US$ 13.0 billion by the end of 2033, with an overall sales growth rate of 4.7% between 2023 and 2033. Increasing demand from sectors like agriculture, construction, logistics, consumer goods, and automotive is a significant driver for this growth. The top 5 tarpaulin sheet companies are expected to control about 20 to 25% of the market by 2023. Polyethylene, as a material, is expected to generate an incremental opportunity of US$ 2.3 billion during the period from 2023 to 2033.
The global tarpaulin sheet market is poised to expand 1.7 times its current value during the assessment period, primarily due to increased usage in agriculture and construction industries. Tarpaulin sheets, being large, durable, and waterproof, are used to protect against extreme weather conditions such as wind, sunlight, and rain, facilitating safe transportation of goods and products.
The rising adoption of tarpaulin sheets in various sectors, particularly in construction and agriculture, is expected to fuel market growth. Manufacturers are focusing on developing sustainable and recyclable tarpaulin sheets to mitigate environmental pollution and adhere to strict regulations.
In conclusion, we see significant potential for the development of HDPE Raffia in the future. If you have any inquiries or would like to discuss potential collaborations, please feel free to contact us using the information below. We welcome the opportunity to exchange ideas and explore potential partnerships for the future.
To An Phat Holdings, 2022 marks an essential milestone in the development journey. This year, An Phat Holdings celebrates 20 years of establishment – 20 years of “aspirational footsteps” together towards glory, 20 years of building a solid foundation for realizing dreams of a green future.
Two decades and one journey to build a green future
From steady business growth
Founded in 2002, having spent two decades of building and developing with relentless efforts, An Phat Holdings has successfully grown from a small factory named Anh Hai Duy to a leading corporation in Southeast Asia in high-tech and environmentally-friendly plastic. We have gradually affirmed its position in the market and achieved outstanding business achievements.
Up to now, An Phat Holdings has become a multi-sector business with 17 subsidiaries operating in the various fields: compostable materials and finished products, packaging, engineering plastics and building materials plastics, precision engineering and molding, raw materials and chemicals for plastic industry, industrial real estate, trade and logistics.
Start from a small factory, An Phat Holdings has become a leading multi-sector group in Southeast Asia.
An Phat Holdings’ products have been present in 70 countries and territories such as the United States, Japan, Europe, Korea, Singapore, the United Arab Emirates, Taiwan, Philippines, etc.
Accompanying with domestic industry development and production in supporting industries, An Phat Holdings is one of the few Vietnamese enterprises that seriously invest in this field with more than 50 years of experience. Currently, our group is developing an extensive network of customers with large partners such as Honda, Toyota, Samsung, Piaggio, Brother, LG, Panasonic, etc. Our strategy is to develop high technology to be directly involved in the global supply chain.
As proof of the rapid innovation and creativity, An Phat Holdings and its subsidiaries have continuously recorded positive results such as Vietnam Gold Star Award 2021, Vietnam’s Top 100 typical brands in 2021, Top 500 largest enterprises in Vietnam in 2021, the Top 100 largest private companies in Vietnam in 2021, Top 10 mid-cap listed companies having the most outstanding annual report in 2021, Reliable Exporter, and Corporate Excellence Award 2020 (APEA 2020), etc.
To development of high-quality human resources
“People are an organization’s most valuable asset and the key to it’s success.” Caring for people is always the top priority of An Phat Holdings to build a robust and sustainable business. After 20 years, An Phat Holdings has risen to become a leading enterprise in Southeast Asia with more than 5,000 talents worldwide. It is also 5,000 pieces with their own colours standing next to each other to create a unified, united, solid, and brilliant collective.
Under An Phat Holdings’ roof, the company culture is derived from the word “Human,” always taking human development as the core factor.
Employees here are allowed to work in an environment that helps them maximize their ability through diverse work experiences, challenges, and opportunities to learn from the company’s excellent leaders, forming a comprehensive “ecosystem” full of excitement.
Ready for a prosperous sustainable future
Doing business towards sustainable values and protecting the benefit of human welfare, nature, and society not only in Vietnam but also for the world is the strategic direction of An Phat Holdings.
One small act has the power to make a big change. A compostable bag or wood sawdust straw produced today will also improve the ecosystem in the next 1,000 years. Keeping that belief, the PBAT compostable resins plant project and AnEco compostable product line were invested in research and development to create a superior solution to replace disposable plastic products.
AnEco – the green solution to the problem of “white pollution.”
An Phat Holdings is proud to be one of the few enterprises in the world and the first in Vietnam to pioneer in successfully researching, manufacturing and developing compostable materials and finished products that meet the most stringent global standards.
Another outstanding mark of An Phat Holdings is the field of industrial real estate with two projects, An Phat Complex and An Phat 1, both built in the direction of a green ecosystem complex, becoming eco-friendly industrial parks and belonging to the critical economic triangle in the North of Vietnam.
In the journey of growth over the past 20 years, An Phat Holdings has constantly been striving to create a green future to catch up with the world trend in building a sustainable business model according to ESG criteria and contributing to realizing Vietnam’s commitment to the United Nations Climate Change Conference COP26 towards bringing net emissions to zero.
The past two decades will be a springboard for An Phat Holdings, with its steadfast will and right goals, to continue to thrive with the community and society.
2021 has proved to be a more challenging year for industry participants than 2020 was, with both spot PP and PE prices skyrocketing to unprecedented levels in Europe. PP and PE markets hit an all-time high in March with PP and LDPE markets hovering around their peaks since then.
Pandemic-driven setbacks, pent-up demand and rising costs have been all contributing to the bullish run. Most importantly, supply bottlenecks have been the key driver of hefty hikes and had the final say over the course of 2021.
A year of perpetual hikes in monomers
Derivative markets have been well supported by upstream costs amid lower run rates or production issues at regional crackers.
Monthly propylene contracts have settled with increases since January 2021, except for a slight drop in September and rollovers in December. Similarly, ethylene contracts have also been agreed with monthly hikes excluding a cumulative drop of only €18/ton in the September and December settlements.
Short availability pervades PP and PE markets through 2021
After reversing the course in November 2020, PP and PE markets posted 3-digit hikes in the first 4 months of 2021. Prices surpassed their previous peaks in June 2015 by early March and hit an all-time high.
Early in the year, import supplies within the bloc dried up due to the region’s lack of premium over other markets as European markets had failed to catch up with the gains in global markets. Regional availability also shrank due to suppliers’ preference to export to the higher netback regions and a slew of force majeure declarations. Hikes gained steam due to a lack of import material, from the US in particular amid the winter storm. A shortage of containers disrupted shipments also from other overseas suppliers.
That is to say, 2021 was marked by a shortage of supplies amid low stock levels at the producer level and lingering logistics mishaps.
Pent-up demand adds to supply limitations
Apart from this, demand for food packaging and pharmaceutical products remained supported by the pandemic needs. Strong demand in the automotive and construction sectors was also driving demand in various segments. Backlog orders at the converter level and increased mobility after easing of lockdown measures kept purchasing activity robust amid trimmed allocations.
Bulk of gains recorded in Q1
PPH and PPBC prices rose by 54-58% during the January-March period, according to ChemOrbis Price Index. This compares to a total increase of 74-78% from January to May, when prices started to come off their peaks.
As for PE grades, LDPE, LLDPE and HDPE film prices rose by around 50-60% in the first three months of 2021 versus cumulative hikes of 70-90% between January and May.
Record-high netbacks lure importers back to Europe in Q2
In April, lingering tightness propelled prices to new highs as exacerbating supply disruptions after the Suez jam encouraged regional suppliers to seek strong hikes. However, buyers grew cautious amid overheated prices and talks of a nearing peak.
This was because an arbitrage window reopened after Europe boosted its premium over other markets. The divergence between Europe and other markets became astronomic as Europe remained relatively unfazed by the broader downtrend in May and June, when other markets dipped to multi-month lows. Juicy netbacks attracted import cargoes to Europe, with the pace of hikes slackening in May.
PE prices saw larger downward corrections than PP
As of June, spot PP and PE markets reversed the course after 7 straight months of hikes after the pressure from competitive import offers mounted.
LDPE remained the tightest grade amid a number of regional force majeures and a lack of imports, while HDPE and LLDPE prices in Italy came under the pressure of aggressive non-European origins. Hence, LDPE posted relatively smaller drops of 16% from May to July. HDPE and LLDPE prices posted 23% drops in Italy, meanwhile.
After hitting an all-time high in May, PP prices in Italy fell by 7-9% until late June, while smaller decreases of 2-3% were seen in Northwest Europe amid limited import availability.
Q3 marked by import delivery delays and supply chain disruptions
The emergence of competitive import origins did not have a long lasting impact as delivery delays of previously purchased import cargoes kept spot availability tight in Europe. Hence, regional producers could keep prices in check during Q3 and avoid major price corrections.
Import cargoes were delayed amid logistical backlogs and longer than usual lead times. Knock-on effects of Suez blockage, floods and port congestions added to the supply chain disruptions. Meanwhile, skyrocketing freight rates and impaired production in the US after Hurricane Ida led to an increase in import PP and PE prices again in September.
Europe stays above other major markets, what lies ahead?
Although import offers lost competitiveness, regional availability started to improve amid returning capacities in Europe. Suppliers pushed for hikes amid soaring energy costs in Q4, while inflated levels and buying fatigue also prevented prices from spiralling up, unlike the case early in 2021.
According to ChemOrbis Price Index, LDPE, PPH and PPBC markets stand at all-time highs. Since overall PP and PE markets still stand at multi-year highs after coming off their peaks by Q2, prices are believed to be ripe for a correction. Europe has been one of the most attractive regions as sky-high freight rates and other logistics mishaps kept the price disparity between Europe and other markets intact.
Record netbacks in Europe will attract bulky quantities from overseas suppliers. US PE offers are expected to put pressure on Europe’s spot markets in Q1 2022, considering delayed deliveries and growing export volumes from the US.
As for PP, the material flow from Asia may be hindered amid container shortage despite massive capacity additions in China. However, price corrections will be inevitable for this product, as well, amid mounting resistance to inflated prices heading towards 2022.
PP, PE players in China and Southeast Asia have received December offers from regional and overseas suppliers with decreases since the beginning of this week. The impact of the new Omicron variant and the recent fall in crude oil prices have added to the downward pressure driven by the ongoing weakness in China’s polyolefin markets.
ChemOrbis Price Index shows that import PP and PE prices in China and Southeast Asia have already been on a downward trend since late October, meanwhile.
Mid-East supplier cuts LDPE offers to China notably
An agent of a major Saudi Arabian producer reported that their supplier cut December
PE and PP prices to China when compared to November. Among all products, LDPE witnessed the largest monthly price reduction of $150/ton while HDPE and LLDPE were down by $40/ton, and homo-PP raffia prices were down by $80/ton.
The agent commented, “China’s polyolefin markets have been under downward pressure from lower crude oil, falling Dalian futures as well as the Omicron variant outbreak. Our sales orders dropped by 50% this year due to our customers’ lower sales and there are no signs of a recovery in replenishing activity ahead of the Chinese New Year. We think all buying activity will remain on a needs-only basis over the near term.”
Further regulations for coal lurk, weighing on Dalian futures
PP and LLDPE futures on the Dalian Commodity Exchange settled lower from November 25 to November 30, witnessing cumulative decreases of CNY523/ton ($82/ton) and CNY624/ton ($92/ton), respectively.
The steady fall in futures prices was mainly due to the government’s renewed signals of further regulations for the prices of coal. Lower crude oil prices also contributed to the weakness, meanwhile. The global benchmarks plunged to their lowest levels since September on Friday, November 26 due to growing demand concern amid the Omicron variant.
This has contributed to the weakening sentiment in China’s PP, PE markets, where prices have already been under pressure from limited demand and oversupply concerns amid new capacities.
SE Asian supplier reduces both local and import PP, PE offers
A Southeast Asian producer also applied monthly decreases of up to $100/ton on PP and PE offers to Indonesia while lowering local PP and LLDPE offers to Malaysia more slightly, within the range of $19-24/ton.
Omicron hinders demand recovery in SE Asia
Following the emergence of several Southeast Asian countries from lockdowns or severe restrictions due to Covid-19, demand in Southeast Asia displayed some recovery.
However, the spread of the new Omicron variant is likely to hamper this recovery as renewed control measures may be brought to the agenda, players have started to voice recently.
In China, where demand has been limited amid the off-season, the news about the Omicron variant has also added to the concerns. Several players in the country have reported that the news about the new variant already weighed on demand further.
Not to mention, PP and PE prices are under heavy strain from new capacities
According to ChemOrbis Production News Pro, PE markets remain under aggregated pressure from some 1.9 million tons of additional capacity since the second half of this year. Meanwhile, a total of more than 5 million tons of PE capacity was planned to come onstream throughout 2021, 64% of which is located in China and 35% in South Korea, needless to say.
As for PP, ChemOrbis Production News Pro suggests that more than 12 millions tons of PP capacity was slated to start up throughout 2021 in Northeast Asia, 77% of which is located in China and 23% in South Korea.
Data from ChemOrbis Import Statistics show that China’s total PE imports in the third quarter of 2021 reached slightly above 3.640 million tons. The total volume indicated a slight increase of 7% from the previous quarter. The Q2 volume had been the lowest since the last quarter of 2017.
HDPE makes the largest contribution to total Q3 volume
ChemOrbis data also show that China imported nearly 1,695 million tons of HDPE in the July-September period. This volume made the largest contribution to the country’s total PE imports in the third quarter.
Saudi Arabia was the main HDPE supplier of China during the third quarter with 338,441 tons, meanwhile.
HDPE was followed by LLDPE and LDPE imports with total Q3 volumes of around 1,2 million tons and 745,000 tons, respectively.
Q3 PE imports fall year-on year
While total PE imports in the July-September period posted a recovery on a quarterly basis, they were down on a year-on-year comparison.
ChemOrbis data suggest that total PE imports in Q3 2021 fell nearly 28% from the same period of 2020 when the volumes reached an all-time high of 5 million tons.
(Source: chemorbis)
In Europe, PE sellers could obtain €80-100/ton increases on November deals on the back of higher costs and supply constraints for some grades. Sellers have mostly trimmed their initial hike requests as increases surpassing the ethylene’s upsurge have proved unworkable amid slow purchasing activity.
Recent hikes have pushed prices in Italy and West Europe to their highest levels since around June-July, according to ChemOrbis Price Index data.
Some grades tighter than others
LLDPE, MDPE and HDPE grades have been reportedly tighter than other grades amid disrupted overseas supplies. A lack of sufficient imports from the US for mLLDPE C6 has pushed prices significantly higher. Some sources selling Middle Eastern material reported being sold out due to their trimmed allocations.
US PE back in the game, not necessarily at aggressive levels
Meanwhile, import US offers have re-emerged recently, with HDPE film being traded at €1610-1650/ton on DDP basis, with delivery in January. This was deemed as the reflection of growing supplies in the US.
Still, prices are at par with or close to the European levels and there are no signs of the market being awash with US material. Locally-held US PE cargoes also trade at par with the European origins.
Buyers sit on comfortable stocks
Despite tightness for some grades, the PE market did not absorb initial hikes beyond €100/ton. Overall buying appetite has been calm and remained tied to basic needs, with buyers feeling no urge to buy as they sit on comfortable stocks.
Converters did some pre-buying during October amid firmer voices, while some of them reported that they are still receiving previously secured cargoes amid delivery delays. A lack of truck drivers and lower cargo handling speed due to the lack of manpower at ports have been leading to longer than usual transit times.
That is to say, converters will be focusing more on the stock management, bearing in mind that demand will gradually slow down towards the year-end and logistical hurdles will prevail.
Skepticism about further hikes in Dec
Sellers voiced firmer expectations for December, citing rising costs and a lack of competitive import offers. Despite firmer voices, there remains uncertainty if buyers will be back to replenish heading towards year-end festivities.
Some players are skeptical about the absorbability of further hikes, considering comfortable regional availability, year-end lull as well as container freight rates that came off their peaks in September.
In Vietnam, import PP prices have been rising for the past two weeks after a month-long stability. This has been in line with the bullishness in the China PP market amid the country’s energy cuts.
Lower import availability due to scarce arrivals, as well as stronger energy values have also been cited as other drivers of the market.
On top of that, the demand outlook in Vietnam has improved since the second half of September started amid hopes of easing Covid-19 restrictions, also contributing to the weekly gains.
The commercial hub Ho Chi Minh City will start lifting its coronavirus curbs as October kicks off, matching expectations.
Weaker economic data urged easing restrictions
Vietnam’s latest economic data explains why the government leaves the zero-Covid policy behind.
The country is taking steps to revive its economy by allowing more business and social activities although experts worry that it may be too early to do so considering the low vaccination rates in most of Southeast Asia.
According to data from Vietnam’s General Statistics Office (GSO), the country’s gross domestic product fell by 6.17% year-on-year in the third quarter, down from an increase of 6.57% in the second quarter.
PP prices up by around $20-45/ton from last week
The overall range for import homo-PP raffia and injection prices on CIF Vietnam basis has been assessed $20/ton higher from last week at $1200-1290/ton and $1220-1290/ton, respectively.
A few players said, “Import PP offers have firmed up by $20-30/ton on a weekly comparison. The number of import PP offers has remained limited. Meanwhile, we are still facing shipment issues. Freight rates are quite high and it is getting harder to find available ships nowadays.”
As for locals, homo-PP raffia prices were also up by VND300,000-1,000,000/ton ($13-44/ton) from last week to be assessed at VND31,800,000-33,500,000/ton ($1272-1340/ton without VAT) on FD Vietnam, cash basis.
A converter noted, “Local PP prices have slightly increased, following higher import prices. Demand has improved recently due to the expectations that the government will relax the Covid-19 curbs as of October in order to revive the economy which has been under pressure of partial lockdowns.”
In Europe, players returned to a changing sentiment after summer holidays as prices for non-European origins have been revised upwards in tandem with rising shipping costs amid logistical mishaps. Suppliers from the Middle East, the US and Asia were seen lifting their offers to Europe as September kicked off.
Supply bottlenecks support hikes for import origins
Shipment issues from the Middle East and Asia amid container shortage curbed the import flow to the bloc, which in turn led to diminishing availability.
South Korean PPBC inj. was offered with increases at €1700/ton CIF Italy, 60 days 10 days ago. Meanwhile, a distributor reported hikes of around €100/ton for South Korean material with delivery in September, blaming sky-high freight rates from Asia. US mLLDPE C6 was dealt at €1450-1500/ton DDP Italy, 60 days, indicating €60/ton hikes for August. This is due for arrival in September-October, meanwhile.
Moreover, prices on the low ends faded from the spot market as non-European origins saw hikes in the past weeks. PE offers from Turkey and Central Eastern Europe were adjusted up, which erased some of their earlier losses. A buyer affirmed to have received Turkish LDPE offers above August levels.
Eyes on spillover impact from Hurricane Ida
Adding to the recovering sentiment emanating from lower import availability has been disrupted production at several petrochemical hubs in the US driven by Hurricane Ida. ExxonMobil, Pinnacle Polymers and DowDuPont’s downstream units were taken offline following the issue.
Heading towards the last quarter of 2021, US PE material will remain limited, as was the case during most of the year, amid robust domestic demand and logistical hurdles.
What will be the reflection on European origins?
Fresh September offers from regional sources were pending last week, with expectations centering on a stable to slightly firmer trend. Sellers aim to push for small hikes on tighter grades like LDPE, mLLDPE and PPBC, pointing to the difficulties to procure raw materials.
However, additional hikes may not be absorbed as Europe’s spot markets remain inflated, with buyers lamenting about restricted end orders in certain sectors. Some of them also did pre-buying during summer vacations, while regional PP supplies are expected to improve after lifting of the force majeures. Several players expect prices to move sideways, with firmer non-European prices and logistics issues hindering a possible drop in the short-run.
In Africa, PP and PE offers for September were firmer as compared to August, largely as a result of diminished supplies from the Middle Eastern and Asian suppliers. Although demand was little changed from last month, the tight supply situation dictated the higher pricing across the regional markets.
No Saudi availability in Nigeria
The biggest polymer market in West Africa made a strong start to September, as a major Saudi supplier cut allocations to Nigeria by a large margin, citing their supply and logistics problems. Meanwhile, new offers for South Korean and Indian materials indicated large increases over August. “Korean supplier’s allocation is also quite limited,” a trader reported. “Limited supplies and higher freight rates fuelled sharp increases,” another trader said.
The latest import offers in Nigeria were at $1690-1710/ton for PPH raffia and inj., $1790-1800/ton for PPBC inj., $1900/ton for PPRC inj., and $1590-1600/ton for LLDPE C4 film, HDPE film, HDPE b/m, and HDPE inj., all on CFR Lagos, excluding 10% CD basis.
ELEME announces rollovers to increases
ELEME, Nigeria’s domestic producer, announced rollovers or NGN20,000/ton ($48/ton) increases for PE. For PP, some grades saw very small increases of around NGN400-700/ton. Demand remained disappointing, with buyers purchasing hand-to-mouth.
Accordingly, the latest local offers in Nigeria were at NGN1,012,500/ton ($2464/ton) for PPH raffia and inj., NGN1,079,000-1,084,000/ton ($2625-2638/ton) for PPBC inj., NGN790,000/ton ($1922/ton) for HDPE b/m, HDPE film, and HDPE inj., and NGN816,000/ton ($1985/ton) for LLDPE C4 film, all on ex-Port Harcourt City, cash not including 7.5% VAT.
Asian PP offers in Kenya surge
In Kenya, East Africa’s largest economy, a major Saudi producer’s new PE offers were higher by around $10-30/ton at $1340-1350/ton for HDPE film and LLDPE C4 film, and $1630-1670/ton for LDPE film, CFR Kenya, 90 days. The Saudi major’s PP offers also increased by a similar amount to be reported at $1440-1450/ton for PPH raffia and inj., with the same terms.
Meanwhile, PPH raffia and inj. offers for Chinese materials surged to $1700-1710/ton while South Korean materials were at $1680-1690/ton, largely due to record-high freight costs and an ongoing tightness in supplies.
“Supplies from the Middle East are limited and offers from China and India are very high due to increased freight rates,” a trader based in Nairobi said. The trader also said that they were expecting to see further increases over the near-term, largely due to the ongoing shipping issues and tight availability.
Saudi LDPE, LLDPE unavailable in Algeria
In Algeria, North Africa’s largest oil and gas producer, new HDPE film offers from a major Saudi producer increased by around $70-90/ton over August levels to $1450-1470/ton CFR Algeria while there was no availability for LDPE film and LLDPE C4 film.
The producer’s PP offers, meanwhile, were up by around $50-75/ton from levels in August to stand at $1500-1550/ton, with the same terms.
South Africa market follows suit despite low demand
South African markets saw rollovers to moderate increases ranging from $10/ton to $30/ton as compared to August levels. “Supplies from Saudi producers are very restricted this month and this is supporting the firm trend. But sales are disappointing and demand is still weak,” a trader in Durban said.
The September price range in South Africa was at $1320-1350/ton for HDPE film, $1570-1670/ton for LDPE film, and $1300-1350/ton for LLDPE C4 film, all on CFR Durban, 90 days basis.
After following a stable to slightly firmer trend since early June, import LDPE and HDPE film prices in China witnessed slight decreases during the week that ended on August 13 despite supply limitations from overseas markets, particularly from the Middle- East amid production issues in that region.
The worsening Covid-19 conditions in China and rising logistics costs kept demand slow while support from the cost side also weakened with lower ethylene prices in Asia, weighing on LDPE and HDPE film prices.
As for LLDPE film, prices managed to maintain their stability unlike other PE grades on relatively better demand amid higher food packaging usage during Covid-19 related lockdowns across major Chinese cities.
“While demand concerns persist over downstream markets’ recovery, LLDPE prices have been better supported. LLDPE interest has increased over the other grades as there is higher demand for food deliveries, especially during the recent Delta variant-triggered lockdowns and restrictions across many major Chinese cities. Around 80% of LLDPE goes into film applications such as in food and also non-food packaging,” noted a trader.
Elaborating further, he added, “However, the flip side of rising infections also means that factory production, transportation, and trading activities have been disrupted. Adding to Covid are the current floods across major Eastern and Southern provinces which also crimp activities.”
During the week that ended on August 13, overall import PE prices were assessed down by $10-20/ton from the previous week for LDPE film at $1280-1340/ton, down by $10/ton for HDPE film at $1070-1120/ton, and unchanged at $1070-1180/ton for LLDPE film, all on CIF China, cash basis.
