24 March 2009 23:03 [Source: ICIS news]
HOUSTON (ICIS news)--Mexico’s Pemex lowered prices for all grades of polyethylene (PE), effective on 20 March, to compensate for currency fluctuations and softer demand, a Pemex distributor said on Tuesday.
Price cuts were 5-9%, depending on the grade. The steepest reduction was applied to high density PE (HDPE) for blow-moulding applications. All other HDPE grades saw a 5% price reduction.
Before the reduction, HDPE blow-moulding prices were at $1,160-1,210/tonne (€847-883/tonne), according to global chemical market intelligence service ICIS pricing.
The price of low density PE (LDPE) for film applications was reduced by 7% for most grades, but LDPE resins for injection and extrusion were reduced by 7.5%. Before the reduction, LDPE prices were at $1,255-1,305/tonne, according to ICIS pricing.
Most grades of linear low density PE (LLDPE) saw a 7% price reduction. Only one LLDPE grade for roto-moulding was reduced by 7.41%.
Prices of imported PE resins sold in ?xml:namespace>
PE demand had weakened this month in
($1 = €0.73)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections