01 February 2012 18:22 [Source: ICIS news]
HOUSTON (ICIS)--Dow Chemical, the sole polyethylene (PE) producer in Argentina, is seeking to increase prices for all grades of PE by $100/tonne (€76/tonne) in February, a company source said on Wednesday.
The justification for the measure has been the rising cost of feedstock ethylene in international benchmark markets.
Demand is strong in Argentina as transformers see prices from all sources rising.
Braskem, the main seller of imported resins in Argentina, has also announced a $100/tonne increase for low density PE (LDPE) and linear low density PE (LLDPE), effective 1 February. High density PE (HDPE) prices will go up in February by $75/tonne.
Prior to the February increases, LDPE prices in Argentina were in the range of $1,925-2,250/tonne, while LLDPE butene is within $1,780-2,190/tonne. HDPE blow moulding is at $1,730-1,960/tonne, based on ICIS data.
($1 = €0.76)
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