26 November 2008 15:40 [Source: ICIS news]
By Linda Naylor
“December is going to be a very short month,” said a PE producer.
"Transformers will be closing early for Christmas and some factories are already running on short time."
Low density PE (LDPE) prices have slumped in November, with spot material falling more than €300/tonne ($390/tonne), to €680/tonne FD (free delivered) NWE (northwest ?xml:namespace>
Other cutbacks were being planned throughout
SABIC (Saudi Basic Industries Corp) has the capacity to produce close to 1.5m tonnes/year of PE in Europe at its sites at
It produces LDPE, linear low density PE (LLDPE) and high density PE (HDPE).
PE producers in
($1 = €0.77)
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