11 May 2011 16:51 [Source: ICIS news]
SAO PAULO (ICIS)--Dow Chemical, Argentina’s sole polyethylene (PE) producer, increased prices by $100/tonne (€69/tonne) in May for all grades on higher feedstock costs, a company source said Wednesday on the sidelines of the Brasilplast trade fair and conference.
The price increase was initially planned for April, but stringent price controls in Argentina designed to control inflation had derailed the initiative.
The May increase was justified by increased costs and has not faced government opposition, sources said.
The price of imported PE from ?xml:namespace>
With the increase, the price of LDPE was at $2,330-2,530/tonne
Undisclosed problems in the LLDPE unit in
Brasilplast is a major fair for the plastics industry in
Brasilplast 2011 runs through Friday.
($1 = €0.69)
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