• The export PE market has slowed down in USA this week;

• Mexican buyers have been the most active;

• Some traders have been satisfied with demand from European, Chinese and African consumers, while others have complained that it has worsened since H1 October;

• Most customers have refrained from restocking with large volumes of USA-origin PE, purchasing mostly small lots;

• Suppliers have lowered prices for most PE grades by $20—55/t to facilitate buying activity and become more competitive with Asian producers and traders in international markets, especially, Latin American one;

• Export PE quotes have varied depending on the importer and volume;

• The commodity by Formosa has been the most expensive in the market;

• Most consumers have been awaiting another price drop before restocking with large PE batches;

• Producers reportedly have high inventories;

• Supply has been more than sufficient;

• Logistical situation has improved since the previous week but has remained difficult;

• Some players have faced delivery delays and lack of vacant space in warehouses. Freight rates have increased.

Overseas interest in USA-origin PE will hold steady until the month end. Suppliers will maintain its export quotes. Supply will be ample. The export market is likely to pick up by mid-November. Producers may lower its quotes by $20—50/t depending on the grade to facilitate buying activity, increase competitiveness and sell out of its high inventories ahead of Thanksgiving. Lower PE quotes will also meet bearish outlook of most buyers. Logistical situation will improve by then.