28 August 2008 16:47 [Source: ICIS news]
LONDON (ICIS news)--?xml:namespace>
“Buyers are reluctant to buy big quantities at the moment,” the source said. "They are waiting to see what happens."
Petkim revised most of its PE prices downward $100/tonne, with only low density PE (LDPE) remaining stable at $2,080-2,100/tonne CFR (cost and freight).
High density PE (HDPE) blowmoulding offers were down to $1,890/tonne CFR Turkey, HDPE film to $1,920/tonne CFR, and HDPE injection to $1,870/tonne CFR.
Offers from the
Petkim’s new homopolymer PP price was at $1,880-1,910/tonne CFR. Middle Eastern offers and European offers were lower.
Offers of spot homopolymer raffia grades were heard from
European converters were also cautious in the face of a worsening global economic situation and expectations of weaker fourth-quarter feedstock.
($1 = €0.68)
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