APLA ’10: Braskem targets $50/tonne PE hikes in Colombia

09 November 2010 15:22  [Source: ICIS news]

RIO DE JANEIRO (ICIS)--Braskem is targeting an increase of $50/tonne (€36/tonne) for all grades of polyethylene (PE) sold in Colombia, a manager at the company said on Tuesday.

The price hikes would take effect in the second half of November, said Braskem export manager Marco Cione.

Cione was speaking on the sidelines of the Latin American Petrochemical Association’s (APLA) annual meeting.

The price of Brazilian PE imports in Colombia is currently $1,850-1,900/tonne CFR (cost and freight) Cartagena for low density PE (LDPE), and $1,420-1,470/tonne for linear low density PE (LLDPE) and high density PE (HDPE), Cione said.

Cione attributed the proposed increases to changing market conditions.

Similarly, PP prices may rise by $50-100/tonne in the second half of the month for the same reason.

The price of Brazilian PP imports in Colombia is currently $1,520-1,570/tonne CFR Cartagena for homopolymers and $1,570-1,620/tonne for copolymers, Cione said

($1 = €0.72)

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By: George Martin
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