28 January 2009 22:19 [Source: ICIS news]
On average, Pemex increased the price of linear low density PE (LLDPE) by 5.41% and the price of high density PE (HDPE) for blow moulding applications by 4.75%. Th increases were made effective on Tuesday.
Pemex increased the price of low density PE (LDPE) by an average of 5.82%, the distributor said.
The move was Pemex's first price increase for the year. Prices had been cut sharply in November and December, when most producers and distributors were trying to unload expensive inventories.
Before the increase, the price of LDPE in ?xml:namespace>
Import prices had steeper increases on the same date, ranging from 6% to about 15%, depending on grade and producer. Offers of bulk PE for February delivery at the border were also rising about 4 cents/lb and more, according to market sources.
($1 = €0.76)
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