18 November 2010 18:54 [Source: ICIS news]
LONDON (ICIS)--Dow Chemical intends to increase its ?xml:namespace>
“Dow is on order stop since last Monday 15 November, due to the very good demand,” said the source.
PE buyers had been under strong pressure to accept increases in October, but it was not yet confirmed whether the full €28/tonne increase in the monthly ethylene monomer contract would be passed on to buyers.
Low density PE was now trading around €1,300/tonne FD (free delivered) NWE (northwest
Several converters were targeting decreases for December, but they were not hopeful of gaining much ground.
“If I can get €30/tonne [less] in December I will consider that a real achievement,” said one buyer.
($1 = €0.74)
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