03 April 2007 14:09 [Source: ICIS news]
LONDON (ICIS news)--Plastics futures prices on the London Metal Exchange were little changed on Tuesday amid light trading interest.
The LME’s official prices for plastics were unchanged at $1,180/tonne for linear low density polyethylene (LLDPE) and $1,240/tonne for polypropylene (PP). The forward curves on both contracts were flat. The bid offer spreads on the official prices for May, June and July PP were marginally lower.
LLDPE had closed on Monday up $20 compared to the Friday close at $1,170/tonne. PP had closed up $50 at $1,220/tonne, the prices reflecting higher priced crude.
The plastics contracts did not trade on Monday to the 18:00GMT close according to broker reports.
On the cash markets in ?xml:namespace>
|03 April 2007||LLDPE||PP|
|LME Reference Price||1180||1240|
Prices shown are per tonne on a FOT (free on truck) basis delivered Rotterdam/Antwerp,
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