CHINAPLAS '12: China Q2 LLDPE futures to soften on weak demand

19 April 2012 15:41  [Source: ICIS news]

SHANGHAI (ICIS)--China’s linear low density polyethylene (LLDPE) futures prices are likely to soften in the second quarter of 2012 because of weak demand, market sources said on the sidelines of the Chinaplas 2012 exhibition on Thursday.

Plastic derivatives makers have limited purchases amid the uncertain economic outlook, following a negative rise in the March producer price index (PPI) and uncertain global economy, the sources said.

The bearish LLDPE market situation has sidelined most investors, although Sinopec’s output cutbacks have saved polyolefins prices from a sharp fall, said Li Zhoulei, an analyst at Shanghai CIFCO Futures.

The Chinaplas 2012 exhibition runs from 18-21 April.


By: Amy Yu



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index