09 June 2011 18:45 [Source: ICIS news]
Linear low density PE (LLDPE) butene was reduced by 2.5%, while high density PE (HDPE) for injection and blow moulding was reduced by 3.8%, the source said.
On the same date, the price of butadiene (BD) was also reduced by 3%, the Pemex source said.
PE market sentiment has been pessimistic for weeks. A large differential between US Gulf and Asia prices was increasing the likelihood of Asian shipments into
Prior to this week’s decline, HDPE blow moulding prices were at $1,504–1,636/tonne (€1,038–1,129/tonne) FOT (free on truck). LLDPE butene was at $1,587–1,789/tonne, as assessed by ICIS.
The June reduction follows a 5–7% price decline for all grades of PE implemented on 25 May.
Pemex is the only domestic PE producer in
($1 = €0.69)
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