11 July 2012 12:06 [Source: ICIS news]
SINGAPORE (ICIS)--Two global producers have raised their offers for metallocene linear low density polyethylene (MLLDPE) to ?xml:namespace>
One of the producers increased its offer for hexene-based MLLDPE to $1,440/tonne CFR (cost and freight)
But the producer has very limited supply to offer at this price, they added.
The other global producer hiked its offer for octene-based MLLDPE by $50/tonne to $1,450/tonne CFR China for end-July/early August shipment, the distributors said.
Discussions for the octene-based MLLDPE were ongoing, they added.
Market sentiment turned rosy following strong gains in the spot prices of butene-based LLDPE prices.
Butene-based LLDPE prices rose to $1,220-1,290/tonne CFR China in the week ended 6 July, up $20-60/tonne from the previous week, according to ICIS.
($1 = €0.82)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections