LME Plastics: Asia propylene hits 16 year high

14 April 2008 10:02  [Source: ICIS news]

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

 

Asian propylene prices are at their highest in almost 16 years as tight spot availability for May-loading cargoes leave interested buyers with little choice but to accept higher numbers, market sources said on Monday.

 

Polyethylene terephthalate (PET) values in Korea led gains across Asia, boosted by a stronger euro against the dollar and a lack of trade barriers on the country’s exports to Europe, producers and traders on Monday.

 

LME Plastics: prices

 

Date:	11 April
	PP
$ per tonne	Global	Asia	Europe	North America
Cash (B)	1,515	1,515	1,550	1,530
Cash (S)	1,535	1,535	1,570	1,550
April (B)	1,515	1,515	1,550	1,530
April (S)	1,535	1,535	1,570	1,550
May (B)	1,515	1,515	1,550	1,530
May (S)	1,535	1,535	1,570	1,550
	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: Mark Watts
+44 20 8652 3214

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