LyondellBasell to seek €100/tonne hike for Feb PE

23 January 2009 17:00  [Source: ICIS news]

LONDON (ICIS news)--LyondellBasell will attempt to raise its polyethylene (PE) prices by €100/tonne ($130/tonne) in February, a source from the petrochemicals major said on Friday.

“We will bring Aubette down for next week to maintain a tight supply/demand situation,” the source said.

The company’s Aubette, PE unit in France produces 320,000 tonnes/year of low density polyethylene (LDPE).

The company already reported a tight stock position on LDPE. High density polyethylene (HDPE) inventories were said to be balanced.

Dow announced a €90/tonne hike on February PE earlier on Friday.

PE producers in Europe include Saudi Basic Industries Corp (SABIC), ExxonMobil, LyondellBasell, Borealis, Total Petrochemicals, INEOS Polyolefins, Polimeri Europa and Repsol.

($1 = €0.77)

For more on LDPE visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Linda Naylor
+44 20 8652 3214

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly