19 April 2011 22:02 [Source: ICIS news]
HOUSTON (ICIS)--The local polyethylene (PE) producer in ?xml:namespace>
Dow's measure was based on rising costs of feedstock ethylene in international markets and also on the general lack of alternatives for
Before the proposed May increase, low density PE (LDPE) prices in Chile were in the range of $1,965-2,117/tonne DEL (delivered) based on ICIS. Prices for small-volume buyers were likely to be even higher.
Product from the US Gulf would likely arrive at $1,960-1,980/tonne CFR (cost and freight) Chile main port, and product from
It was not clear if the proposed $100/tonne price increase would take hold partially or in full. Market players said the behaviour of ethylene prices in the coming week would make or break this initiative.
($1 = €0.70)
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