LME Plastics: Europe producers hike PE, PP prices

08 January 2008 14:04  [Source: ICIS news]

LONDON (ICIS news)--Global and regional plastics futures prices from the London Metal Exchange are given in the table below.  

 

In cash markets, Borealis's new 330,000 tonne/year polypropylene (PP) unit in Burghausen in Germany is down for technical adjustments after coming on stream as planned at the end of December.

 

Producers are increasing (PP) and polyethylene (PE) prices for January across Europe, as oil and naphtha apply strong cost pressure down the chain.

 

LME Plastics: prices 

Date:	7 Jan
	PP
$ per tonne	Global	Asia	Europe	North America
Cash (B)	1,390	1,410	1,665	1,490
Cash (S)	1,410	1,415	1,690	1,500
Jan (B)	1,390	1,410	1,670	1,490
Jan (S)	1,410	1,415	1,700	1,500
Feb (B)	1,390	1,410	1,685	1,490
Feb (S)	1,410	1,415	1,715	1,500
	LLDPE
	Global	Asia	Europe	North America
Cash (B)	1,420	1,510	1,550	1,420
Cash (S)	1,430	1,530	1,570	1,430
Jan (B)	1,420	1,510	1,550	1,420
Jan (S)	1,430	1,530	1,570	1,430
Feb (B)	1,420	1,510	1,550	1,420
Feb (S)	1,430	1,530	1,570	1,430

B = buyers

S = sellers

 

Further details and comparisons with price data published earlier are available directly from the Exchange. The LME site requires free user log-in.

By: Staff Reporter
+44 20 8652 3214

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