08 October 2012 22:13 [Source: ICIS news]
HOUSTON (ICIS)--Mexico’s Pemex Petroquimica reduced prices for some grades of polyethylene (PE), effective on 5 October, distributor sources said on Monday.
Pemex reduced the price of linear low density PE (LLDPE) prices by 3.5%, while low density PE (LDPE) prices were reduced by 4.3%, the source said.
The price of high density PE (HDPE) grades was unchanged, reflecting tight supply. Mexico’s HDPE production has diminished because of programmed maintenance at two of the HDPE plants in Mexico.
A maintenance turnaround at the 100,000 tonne/year Asahi plant, which produces injection material, has just ended or is about to end, and the 80,000 tonne/year HDPE Mitsui plant that makes blow moulding material will be stopped on 15 October for 30 days, according to Pemex sources.
The price of imported HDPE material from two US suppliers has increased about 1.4% for blow moulding grades – a move justified by the reduced supply of that grade.
Prior to this reduction, Mexico’s LDPE prices were in the range of $1,622-1,752/tonne (€1,249-1,349/tonne) FOT (free on truck), LLDPE butene prices were at $1,464-1,740/tonne FOT, and HDPE blow moulding prices at $1,559-1,791/tonne FOT, based on ICIS data.
Pemex is the only PE producer in Mexico. The Braskem-Idesa joint venture is scheduled to start PE production in the second half of 2015.
($1 = €0.77)
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