Colombia’s PE prices remain steady in December

05 December 2011 23:11  [Source: ICIS news]

HOUSTON (ICIS)--Colombia-based Ecopetrol, the nation's sole polyethylene producer, left low density PE (LDPE) prices practically unchanged for December with only a minor adjustment, market sources said on Monday.

LDPE is the only grade of PE produced in Colombia. All others are imported.

Domestic high-volume customers could pay Colombian pesos (Ps) 3,256/kg, ($1,678/tonne, €1,259/tonne), while small-volume clients could pay nearly Ps3,690/kg, distributor sources said.

The December adjustment reduced prices by 0.12% to keep local production competitive with imports.

LDPE offers from regional sellers to Colombia are around $1,520/tonne CFR (cost and freight) Cartagena before nationalisation costs, according to a distributor.

($1 = €0.75)
($1 = Ps1,940)

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By: George Martin
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