02 August 2011 10:19 [Source: ICIS news]
The company official could not be reached for comment.
Qatofin-origin LLDPE film was sold on 2 August at $1,450/tonne (€1,015/tonne) CFR (cost and freight) Mumbai for August shipments, but the quantities sold were small.
“After their offer was announced yesterday, the quantities were wiped up immediately,” a Mumbai-based trader said.
Qatofin is a joint venture company between France’s Total Petrochemicals (36%), and state-owned firms Qatar Petrochemical Co (QAPCO) (63%) and Qatar Petroleum (QP) (1%).
($1 = €0.70)
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