LME Plastics: Upward pressure for UK PE buyers

19 February 2008 11:22 [Source: ICIS news]

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

UK polyethylene (PE) buyers are facing further upward pricing pressure this quarter despite signs of slower activity in mainland Europe as sellers attempt to bring them in line with their continental counterparts.

Asian propylene prices are expected to fall further after slipping by at least $40/tonne last week, due to a sudden influx of Taiwanese material, traders and end-users said on Tuesday.

LME Plastics: prices

Date:	16 Feb
	PP
$ per tonne	Global	Asia	Europe	North America
Cash (B)	1,430	1,430	1,550	1,430
Cash (S)	1,450	1,450	1,570	1,450
Mar (B)	1,430	1,430	1,550	1,430
Mar (S)	1,450	1,450	1,570	1,450
April (B)	1,430	1,430	1,550	1,430
April (S)	1,450	1,450	1,570	1,450

	LLDPE
	Global	Asia	Europe	North America
Cash (B)	1,430	1,580	1,610	1,430
Cash (S)	1,460	1,595	1,625	1,460
Mar (B)	1,430	1,580	1,610	1,430
Mar (S)	1,460	1,595	1,625	1,460
April (B)	1,430	1,580	1,610	1,430
April (S)	1,460	1,595	1,625	1,460

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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