LME Plastics: Major polymer site planned in Russia

25 March 2008 10:53  [Source: ICIS news]

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

 

The construction of a major new polymer plant by Tobolsk-Polymer in Russia’s Tyumen region will begin in April at a cost of roubles (Rb) 52bn ($2.2bn/€1.4bn), the local government said in a statement over the weekend. 

 

Thai polypropylene (PP) producer HMC Polymers plans to cut production at its 430,000 tonne/year plant at Mab Ta Phut in eastern Thailand in May and June due to planned reduction in its propylene feedstock supply.

 

LME Plastics: prices

 

Date:	20 March
	PP
$ per tonne	Global	Asia	Europe	North America
Cash (B)	1,430	1,445	1,550	1,440
Cash (S)	1,450	1,465	1,570	1,445
Mar (B)	1,430	1,445	1,550	1,440
Mar (S)	1,450	1,465	1,570	1,450
April (B)	1,430	1,445	1,550	1,440
April (S)	1,450	1,465	1,570	1,450
	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 = €0.65)

By: Mark Watts
+44 20 8652 3214

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