10 May 2011 16:37 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil’s polyethylene (PE) prices are likely to be steady or slightly higher in May for many, but imported product may go up by $100/tonne (€70/tonne), sources said on Tuesday on the sidelines of Brasilplast, a major plastics industry event in Sao Paulo.
The local producer does not foresee many price changes, planning perhaps a small increase in the price of low density PE (LDPE), company sources said.
However, import prices were targeted to be $100/tonne higher in May, particularly for linear low density PE (LLDPE) and high density PE (HDPE).
PE imports have traditionally been somewhat lower in price to compete with the domestic producer. The $100/tonne increase could bring imports in line with the price of domestic product.
It was unclear if the initiative would find market support, as buyer sentiment was not receptive to the increase.
According to ICIS data, LDPE prices in Brazil were at $2,928–3,055/tonne including the PIS/Cofins taxes, which add about 9.5% to the price.
LLDPE prices were at $2,693–2,801/tonne, while HDPE blow moulding was at $2,674–2,808/tonne.
Brasilplast is a major trade fair for the plastics industry in South America, and is organised and promoted by Reed Exhibitions Alcantara Machado, a joint venture between Reed Exhibitions and Alcantara Machado.
Brasilplast runs 9–13 May.
($1 = €0.70)
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