20 December 2007 16:19 [Source: ICIS news]
An INEOS Polyolefins source confirmed that it would be seeking an €80/tonne hike on PE for January.
On the whole buyers were accepting the need for increases.
“We will have to pay more next month, that’s clear,” said one large buyer on Thursday, “but it won’t be as much as €80//tonne.”
Some grades of PE were becoming tight, particularly linear low density PE (LLDPE), but all grades were considered to be firm.
Most players envisaged a strong start for pricing in 2008.
($1 = €0.70)
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