LME Plastics: Prices stable over holiday period

28 December 2007 15:37  [Source: ICIS news]

LONDON (ICIS news)--Plastics futures prices from the London Metal Exchange were unchanged week-on-week on Friday; the official daily prices having remained stable throughout the week.

 

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:

28 Dec

 

 

 

 

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

 

China linear low density polyethylene (LLDPE) futures
for January closed yuan (CNY) 50/tonne ($6.8/tonne) higher amid lower volume on Friday from a week ago on expected tight supply.

 

European polyolefins producers ended 2007 in a strong position after a profitable year, and they see a clear run for the first half of 2008 at least due to delays in planned Middle East capacity, robust demand in Europe and Asia and cutbacks in old unprofitable European production.


By: Staff Reporter
+44 20 8652 3214



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