09 June 2006 13:57 [Source: ICIS news]
LONDON (ICIS news)--Official prices for linear low density polyethylene continued to climb on the London Metals Exchange (LME) on Friday after stalling on Thursday.
LldPE prices rose $10/tonne to $1,250/tonne although PP prices dipped $5/tonne to $1,210/tonne. Prices for both products had held steady on Thursday after rising sharply on Wednesday.
Closing prices for lldPE on Thursday rose $5/tonne to $1,230/tonne, while PP prices were static at $1,200/tonne.
At ?xml:namespace> on Thursday, 68 lots of lldPE had traded but no PP was traded. Traders said the market was looking for direction, following a bout of lldPE selling and PP buying last week.?xml:namespace>
|LME Reference Price||1250||1205|
The LME official or reference prices are the offer prices for the first forward delivery month - in this case July 2006. Bid/offer prices are given in the table above for three forward months.
Prices shown are per tonne on an FOT (free on truck) basis delivered Rotterdam/Antwerp, Singapore and Houston.
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