LME Plastics: North America PP rises $45/tonne

14 March 2008 10:52  [Source: ICIS news]

LONDON (ICIS news)--North America March and April seller contracts for polypropylene (PP) gained $45/tonne week on week on the London Metal Exchange, while the cash price increased by $30/tonne.

 

In linear low density polyethylene (LLDPE), both Asia and North America monthly contracts were up $10/tonne on last week, with global prices dropping $10/tonne. 

 

Crude oil prices, which have been creating record highs over the past three days, are losing their influence on the Asian petrochemical markets especially aromatics, market sources said on Friday.

 

Global and regional plastics futures prices from the London Metal Exchange are given in the table below. 

  

LME Plastics: prices

 

Date:	March 13
	PP
$ per tonne	Global	Asia	Europe	North America
Cash (B)	1,430	1,435	1,550	1,455
Cash (S)	1,450	1,450	1,570	1,475
Mar (B)	1,430	1,435	1,550	1,455
Mar (S)	1,450	1,450	1,570	1,475
April (B)	1,430	1,435	1,550	1,455
April (S)	1,450	1,450	1,570	1,475
	LLDPE
	Global	Asia	Europe	North America
Cash (B)	1,430	1,590	1,610	1,440
Cash (S)	1,450	1,605	1,625	1,460
Mar (B)	1,430	1,590	1,610	1,440
Mar (S)	1,450	1,605	1,625	1,460
April (B)	1,430	1,590	1,610	1,440
April (S)	1,450	1,605	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.

 

($1 = €0.64)

By: Mark Watts
+44 20 8652 3214

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