European high density polyethylene injection grade converters are sourcing product from Asia prompted by tight domestic supply, sources said.
HDPE injection grade spot levels in Asia closed Wednesday at $1,345/mt CFR FE Asia.
European spot levels last week closed at Eur1,340-1,345/mt ($1,902-1,909/mt) FD NWE.
A Malaysian producer reported moving a cargo to France at $1,540/mt FOB Malaysia, which was $60/mt higher than its April shipment offer to Asia.
"The prices are much better elsewhere in the world right now, and we managed to move cargoes to an end-user in France," he said.
Indian volumes were heard at Eur1,130/mt CFR Portugal, sources said.
A Turkish source added that he received offers from Asia at $1,390/mt FOB China.
The European injection market remained tight as production issues continued to plague local producers. Most European producers reported being sold out for March.
"Stock levels are dramatically low," a European producer said.
