15 December 2007 00:22 [Source: ICIS news]
HOUSTON (ICIS news)--Mexico’s Petroleos Mexicanos (Pemex) increased prices for all grades of polyethylene (PE) this week to catch up with rising imports amid tight domestic supply, a distributor said on Friday.
Prices of low density polyethylene (LDPE) were up by 3% for film grades and by 4% for injection and extrusion grades, the sources said.
High density polyethylene (HDPE) prices were increased by 5%, while all grades of linear low density polyethylene (LLDPE) were increased by 2%. The increases were effective on Thursday.
With the increases, LDPE price reached a minimum of $1,850/tonne and HDPE was at $1,640/tonne and higher, according to data from global chemical market intelligence service ICIS pricing.
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Demand remained sluggish as players strove to unload inventories at the end of the year, but the tight inventories have revived buying interest, a source said.
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