10 September 2007 18:15 [Source: ICIS news]
US PE buyers indicated that they were in the process of sampling and testing SABIC material.
US market sources have indicated concern over the impact that imports from the Middle East - expected to start arriving in potentially large volumes by mid-2008 or 2009 - will have on the North American and global markets.
Current discussions only involved butene grade of linear low-density PE (LLDPE). Other grades will be offered later, according to US sources.
A buyer said it expected to place orders from SABIC for a few containers as soon as it approves specifications by end-September or early October. The material will be priced competitively at 1 or 2 cents/lb under current ?xml:namespace>
SABIC declined to comment.
US PE producers include Dow Chemical, Equistar, Chevron Phillips, ExxonMobil, and
($1.00 = €0.73)
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