Mexico’s Pemex reduces PE prices again in October

31 October 2012 19:00  [Source: ICIS news]

HOUSTON (ICIS)--Mexico’s Pemex Petroquimica reduced prices for all grades of polyethylene (PE) effective 30 October, the second price reduction this month, distributor sources said on Wednesday.

Pemex reduced the price of linear low density PE (LLDPE) prices by 6%, while low density PE (LDPE) prices were reduced by 5-6% depending on grade, sources said.

The price of high density PE (HDPE) blow moulding was reduced by 3%, while the discount for injection grades varied from 4-5%.

Mexico’s HDPE production is still constrained by a 30-day programmed maintenance turnaround at the 80,000 tonne/year Mitsui HDPE plant, which makes blow moulding grade.

Imported HDPE blow moulding material is slightly more expensive, but the increase is approximately 1.5%. This was attributed to the production shortages of domestic material.

Pemex had reduced PE prices on 5 October, affecting mostly LDPE and LLDPE grades.

Prior to the current reduction, Mexico’s LDPE prices were in the range of $1,513-1,635/tonne (€1,165-1,259/tonne) FOT (free on truck); LLDPE butene prices were at $1,378-1,639/tonne FOT; and HDPE blow moulding prices at $1,520-1,747/tonne FOT, based on ICIS data.

($1 = €0.77)

By: George Martin
+1 713 525 2653

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