LME Plastics: Lack of PP feedstock causes delays

14 August 2007 14:45  [Source: ICIS news]

LONDON (ICIS news)--Plastics futures prices from the London Metal Exchange are given in the table below. Further details and comparisons with price data published earlier are available directly from the Exchange. The LME site requires free user log-in.

 

LME Plastics: prices

 

Date:	Aug 14
	PP
$ per tonne	Global	Asia	Europe	North America
Cash (B)	1,260	1,325	1,515	1,260
Cash (S)	1,280	1,355	1,530	1,280
Aug (B)	1,260	1,350	1,515	1,260
Aug (S)	1,280	1,375	1,530	1,280
Sept (B)	1,260	1,370	1,540	1,260
Sept (S)	1,280	1,375	1,555	1,280
	LLDPE
	Global	Asia	Europe	North America
Cash (B)	1,230	1,300	1,440	1,240
Cash (S)	1,250	1,320	1,470	1,260
Aug (B)	1,230	1,300	1,440	1,240
Aug (S)	1,250	1,320	1,470	1,260
Sept (B)	1,230	1,300	1,440	1,240
Sept (S)	1,250	1,320	1,470	1,260

 

B = Buyers

S = Sellers

 

In cash markets Oman Polypropylene expects to restart its 340,000 tonne/year plant at Sohar by the end of this week.

 

The PP plant has been shut for over two weeks due to the lack of feedstock propylene.

 

Sinopec, the Chinese energy major, has pushed back the start-up of its Qingdao refinery project tentatively to August 2008 as equipment delivery was delayed.

By: Staff Reporter
+44 20 8652 3214

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