Chile February PE prices rise by $50, $100/tonne – sellers

01 February 2012 22:38  [Source: ICIS news]

HOUSTON (ICIS)--Dow Chemical is increasing its Chilean price of low density PE (LDPE) by $100/tonne (€76/tonne) in February, while other grades will rise by $50/tonne, a company source said on Wednesday.

Local distributors echoed the measure, adding that LDPE will cost them in excess of $1,700/tonne, a figure that will translate to prices around of $1,880/tonne DEL (delivered) or more for small-volume domestic consumers.

Linear low density PE (LLDPE) for February is expected to be around $1,800/tonne or more for low-volume customers.

The increases are supported by higher feedstock prices and tighter supplies of resins in the area.

PE production is down in Chile because of shortages of ethylene.

LDPE imports from Mexico were heard offered in Chile at about $1,700/tonne, providing additional support for higher domestic prices in the country.

($1 = €0.76)

By: George Martin
+1 713 525 2653

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