11 February 2011 10:31 [Source: ICIS news]
By Chow Bee Lin
Meanwhile, polyolefin supply within South America was expected to tighten after last week’s power outage in
At least 2,500 tonnes of homopolymer and block copolymer PP was sold at $1,670-1,680/tonne (€1,236-1,243/tonne) FOB (free on board) Korea and $1,710/tonne FOB Korea, respectively, for prompt shipment to the west coast of South America, the producer said.
Around 1,000 tonnes of film grade Middle East high-density PE (HDPE) was sold this week at $1,360/tonne FOB (free on board) for prompt re-export to
A few thousand tonnes of Middle East linear low-density PE (LLDPE), meanwhile, was sold at $1,440/tonne FOB
Negotiations for Indian PP yarn grade for re-export to South America were underway, with the offer cited at $1,570/tonne FOB
Freight to South America was estimated at $90-100/tonne from
Buying activity in
But re-export volumes from China to South America were expected to be limited, since supply within Asia could tighten from now until May amid a slew of plant maintenance shutdowns in northeast Asia and the Middle East, the traders added.
($1 = €0.74)
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