17 April 2008 17:29 [Source: ICIS news]
Buyers had already managed to secure some price reductions on low density (LDPE) and high density (HDPE) monthly business, with only linear low density (LLDPE) monthly pricing escaping lower prices.
Spot LDPE prices were trading around the €1,200/tonne ($1,905/tonne) FD (free delivered) NWE (northwest
Outstanding business was still under discussion for April but hopes of improved demand had not materialised for most sellers.
“Orders are trickling in day by day and we will probably end up on target for the month but we are struggling,” said one
March demand was also flat.
The sombre mood in
Several observers felt PE production would have to be cut back for the market to rally.
At present, there were few signs of such activity, with only Polimeri Europa’s LDPE facility at
PE producers in
($1 = €0.63)
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