09 January 2012 21:17 [Source: ICIS news]
HOUSTON (ICIS)--Ecopetrol, the sole polyethylene (PE) producer in Colombia, reduced low density PE (LDPE) prices by 0.36% in January, the second consecutive monthly drop amounting to less than 0.5%, local sources said on Monday.
LDPE is the only grade of PE produced in Colombia. Imported PE regularly enters the country to cover the shortages.
In December, prices were reduced by 0.12% to keep local production competitive with imports.
Domestic high-volume customers could pay Colombian pesos (Ps) 3,244/kg ($1,723/tonne, €1,361/tonne) FOT (free on truck), while small-volume clients could pay nearly Ps3,570/kg FOT, according to local sources.
($1 = €0.79)
($1 = Ps1,883)
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