LME Plastics: PP contract prices rise globally

21 December 2007 15:18  [Source: ICIS news]

LONDON (ICIS news)--Polypropylene (PP) prices rose week-on-week on the London Metel Exchange (LME), with all Global and Asia contracts gaining $20, North America prices up $10 and Europe contracts $5 higher than last Friday.

 

After Asia’s contract price for Low Linear Density Polyethylene (LLDPE) rose $95 in the previous week it remained stable on the LME week-on-week on Friday. Europe’s LLDPE also remain unchanged.

 

North America LLDPE booked a more modest $15 gain across all three contracts, as did the Global contract.

 

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 21

 

 

 

 

PP

 

 

 

$ per tonne

Global

Asia

Europe

North America

Cash (B)

1,375

1,380

1,575

1,450

Cash (S)

1,395

1,400

1,595

1,480

Jan (B)

1,375

1,380

1,575

1,450

Jan (S)

1,395

1,400

1,595

1,480

Feb (B)

1,375

1,380

1,575

1,450

Feb (S)

1,395

1,400

1,595

1,480

 

 

 

 

 

 

LLDPE

 

 

 

 

Global

Asia

Europe

North America

Cash (B)

1,370

1,475

1,470

1,370

Cash (S)

1,390

1,495

1,490

1,390

Jan (B)

1,370

1,475

1,470

1,370

Jan (S)

1,390

1,495

1,490

1,390

Feb (B)

1,370

1,475

1,470

1,370

Feb (S)

1,390

1,495

1,490

1,390

 

B = Buyers

S = Sellers

 

In cash markets Europe December polyethylene (PE) has been settling early at a rollover as spot prices moved markedly higher due to buyers building up stocks.

 

December European polyethylene terephthalate (PET) contracts have been settled, with the majority of accounts reflecting an average increase of €25/tonne ($36/tonne).


By: Staff Reporter
+44 20 8652 3214



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