16 May 2011 00:00 [Source: ICB]
COLOMBIAN PVC UP ON SNUG SUPPLY
In Colombia, polyvinyl chloride (PVC) prices rose $70-100/tonne (€48-69/tonne) on the back of tight supply and robust domestic demand. PVC demand was boosted by increased housing and infrastructure repairs after heavy rains in the country wreaked havoc in late April.
LDPE SPOT PRICES DOWN IN EUROPE
Low density polyethylene (LDPE) spot prices in Europe saw a €10/tonne ($14/tonne) reduction on the low end of the price range, as aggressive offers and lengthening supply weighed on buyer sentiment. As a result, the LDPE spot range widened to €1,430-1,500/tonne FD (free delivered) NWE (Northwest Europe), as assessed by ICIS. Offers above €1,500/tonne were heard in central European regions, however.
PP PRICES ON THE RISE IN ARGENTINA
Polypropylene (PP) prices were rising in Argentina, as the government authorized increases to offset the rising cost of raw materials. Prices have been frozen for some time because the Argentinian government applied price controls to limit inflation. The May increases were approximately 5% for some grades and steeper (over 10%) for specialty polymers. The increase amounts to roughly $100/tonne for homopolymers.
MEXICO INCREASES PE PRICES FOR ALL GRADES
Mexico-based producer Pemex increased prices for all grades of polyethylene (PE), effective May 3, based on rising raw material costs and tightness in the supplies of some grades. LDPE rose 6%, linear low density PE increased by 7.5%, high density PE rose 7.85% (injection) and 9.8% (molding).
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