17 July 2006 13:39 [Source: ICIS news]
The official PP price rose $20 from Friday to $1,260/tonne. The official linear low density polyethylene (lldPE) price, however, was down $4 at $1,246/tonne.
Prices on the forward contracts for September and October for both polymers were higher.
Polypropylene cash market prices were talked higher in ?xml:namespace>
ICIS news reported that the
Low spot propylene prices and weak PP demand in the
Twenty lots of PP and 57 lots of lldPE had traded by the 17:00 GMT close on the LME on Friday, according to unofficial figures. Each lot is 24.75 tonne.
PP closed up $10 at $1,235/tonne and ldPE closed up $5 at $1,240/tonne.
|LME Reference Price||1246||1260|
The LME official or reference prices are the offer prices for the first forward delivery month - in this case August 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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