Colombia Ecopetrol raises Sept LDPE prices by 5-7%

01 September 2010 23:09  [Source: ICIS news]

HOUSTON (ICIS)--Colombia’s Ecopetrol increased prices of low density polyethylene (LDPE) by 5-7% in September to align domestic prices with those for exports, while also considering currency fluctuations, market sources said on Wednesday.

Ecopetrol increased prices by 5.2% for bagged material out of its warehouse, and 5.5% for bulk material.

Resellers said that their prices increased by as much as 7%, with prices around Colombian pesos (Ps) 3,200/kg ($1,750/tonne, €1,383/tonne) FOT (free on truck).

Other grades not produced in the country were also going up, reflecting higher raw material costs in benchmark markets.

Linear low density polyethylene (LLDPE) was quoted at $1,470/tonne CFR (cost and freight) Cartagena, while high density polyethylene (HDPE) for blow moulding was quoted at $1,415/tonne CFR Cartagena for September delivery.

($1 = €0.79)
($1 = Ps1,829)

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By: George Martin
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