30 September 2011 11:00 [Source: ICIS news]
Deals were heard at $1,210-1,260/tonne (€895-932/tonne) CFR (cost and freight)
In the week ended 23 September, film grades LLDPE were assessed at $1,250-1,300/tonne CFR (cost and freight)
The Chinese markets will be closed on 1-7 October for its National Day celebration.
On Thursday, a key east China-based trader was offering $1,180/tonne CFR China for October shipments, but this price level did not reflect the mainstream market, local distributors said.
Growing worries that the eurozone debt crisis will plunge the world economy into a second global financial crisis have weighed on sentiment in the LLDPE futures market in
LLDPE producers have adjusted down their offers, with a few
On Thursday, another Middle East LLDPE producer announced its first offer for October cargoes at $1,220-1,230/tonne CFR China, according to Chinese distributors.
In the eastern Chinese domestic market, LLDPE spot prices were discussed at yuan (CNY) 9,200-9,800/tonne ($1,438-1,531/tonne) EXWH (ex-warehouse) this week, market sources said.
($1 = €0.74 / $1 = CNY6.40)
Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections
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