10 September 2007 20:03 [Source: ICIS news]
Capacity to come on line in ethylene from Asia and the
Citing concerns about
US polyethylene (PE) buyers have already begun negotiations to buy product from Saudi Basic Industries Corporation (SABIC), industry sources said on Monday.
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
On plastics demand, the BofA report mentioned the potential for “skirmishes” over market share through consumer bag product promotion relative to the third quarter of 2006. Difficult operating quarters for certain bag producers in second quarter 2007 made it unlikely for this to occur, the report added.
(Additional reporting by Ron Coifman)
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