LME Plastics: Middle East markets bullish in '08

03 December 2007 16:16  [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:

Dec 3

 

 

 

 

PP

 

 

 

$ per tonne

Global

Asia

Europe

North America

Cash (B)

1,360

1,360

1,570

1,440

Cash (S)

1,375

1,375

1,590

1,470

Dec (B)

1,360

1,360

1,570

1,440

Dec (S)

1,375

1,375

1,590

1,470

Jan (B)

1,360

1,360

1,570

1,440

Jan (S)

1,375

1,375

1,590

1,470

 

 

 

 

 

 

LLDPE

 

 

 

 

Global

Asia

Europe

North America

Cash (B)

1,340

1,380

1,470

1,345

Cash (S)

1,360

1,400

1,490

1,355

Dec (B)

1,340

1,380

1,470

1,345

Dec (S)

1,360

1,400

1,490

1,355

Jan (B)

1,340

1,380

1,470

1,345

Jan (S)

1,360

1,400

1,490

1,355

 

B = buyers

S = sellers

 

Polyethylene (PE) and polypropylene (PP) markets were expected to remain bullish in the Middle East until the second quarter of 2008 on tight supply and improving market sentiment, following a 2.7% surge in price last week, suppliers, traders and end-users said on Monday.

 

India's second largest polyolefins producer Haldia Petrochemicals (HPL) has further delayed its cracker expansion project by five-six months on the back of manpower issues.


By: Staff Reporter
+44 20 8652 3214



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