16 November 2008 19:08 [Source: ICIS news]
RIO DE JANEIRO (ICIS news)--Fifteen-percent import tariffs have insulated Argentina during September and October, but plastic resin prices are poised to fall in the remainder of the year, producers and distributors said on Sunday.
Initially, the low priced competition was coming only from Asia, and this was not a major problem in ?xml:namespace>
But as December approaches, offers from the US Gulf are getting more aggressive as suppliers strive to unload inventories before the end of the year to minimise the tax bite.
In addition, product from Mercosur trading partner
Until October, plastic resin prices had fallen in
The financial crisis has not been much of a factor in
“Buyers who used to order one full truck are now ordering a couple of palates or so,” Federico Zubieta of Alta Plástica said. “The pressure on prices is more noticeable on polypropylene (PP) linear low density PE [LDPE] and high density PE [HDPE].”
A manager with Petroquímica Cuyo, one of two PP producers in
International traders are also an important competitor these days, offering delivered homopolymers in
Asked if some deals were expected to close at APLA, the producer said “we came prepared, but usually no deals happen at the APLA meeting; we just get valuable new contacts and market intelligence”.
($1 = €0.79)
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