Mexico’s Pemex hikes Sept PE prices amid turnarounds

21 September 2010 21:48  [Source: ICIS news]

HOUSTON (ICIS)--Mexico’s national petrochemical company Pemex Petroquímica has hiked polyethylene (PE) prices for all grades effective 21 September, a company source said on Tuesday.

The hikes came amid maintenance turnarounds at multiple plants.

Pemex increased the price of linear low-density PE (LLDPE) by 3.5%, the source said.

Pemex raised the price of high-density PE (HDPE) by 4%, while LDPE film prices went up by 4.5%.

Tight supply of domestic and imported grades of PE provided some space for the local producer to raise prices.

This was the third domestic price increase in September. The first came on 1 September with increases averaging nearly 7% for all grades.

Then, a second increase came one week later, boosting the price of LLDPE hexene by 6%.

The company has ongoing maintenance turnarounds at an ethylene plant in Pajaritos and at the PE swing plant in Morelos. In addition, two other plants will be brought down for maintenance before the end of the year.

Prior to the latest increases, HDPE blow-moulding was at $1,323-1,455/tonne (€1,019-1,120/tonne) FOT (free on truck), while LDPE was at $1,962-2,050/tonne, as assessed by ICIS. Mexico’s LLDPE is not currently assessed by ICIS.

($1 = €0.77)

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By: George Martin
+1 713 525 2653



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