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

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