LME Plastics: Borouge plans large-scale expansion

07 April 2008 11:12  [Source: ICIS news]

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

United Arab Emirates-based plastics producer Borouge plans to increase its polyolefins capacity by 2.5m tonnes/year by the end of 2014 and has initiated a feasibility study for the expansion project - Borouge 3.

Stavrolen has shut down its 120,000 tonne/year polypropylene (PP) facility in Budyennovsk following Friday's explosion which killed three workers, amid fears Russia may face a domestic PP shortage.

LME Plastics: prices

Date:	April 4
	PP
$ per tonne	Global	Asia	Europe	North America
Cash (B)	1,450	1,450	1,550	1,490
Cash (S)	1,460	1,460	1,570	1,510
April (B)	1,450	1,450	1,550	1,490
April (S)	1,460	1,460	1,570	1,510
May (B)	1,450	1,450	1,550	1,490
May (S)	1,460	1,460	1,570	1,510
	LLDPE
	Global	Asia	Europe	North America
Cash (B)	1,480	1,600	1,610	1,480
Cash (S)	1,500	1,620	1,620	1,500
April (B)	1,480	1,600	1,610	1,480
April (S)	1,500	1,620	1,620	1,500
May (B)	1,480	1,600	1,610	1,480
May (S)	1,500	1,620	1,620	1,500

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: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 28 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly