APLA ’12: Venezuelan PE prices steady in 2012

13 November 2012 13:08  [Source: ICIS news]

RIO DE JANEIRO (ICIS)--Polyethylene (PE) resins prices in Venezuela are likely to remain stable for the rest of the year, Maria Odete Soarez, marketing manager with Venezuelan producer Polinter, said on Tuesday on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.

Venezuelan prices have hardly changed this year. Domestic prices remain at levels below international prices, but all imports bought to complement local production are more expensive.

The final price transformers pay reflects a pro-rated value depending on the proportions of local and imported volumes.

Transformers have petitioned for a more predictable price, but considering the current volatility in international markets, prices in Venezuela offer fewer variables.

Venezuela’s LDPE prices are in the range of $1,416-2,756/tonne (€1,119-2,177/tonne), according to ICIS data. Other grades are much cheaper.

Polinter has an installed capacity of 160,000 tonnes/year of high density PE (HDPE), 70,000 tonnes/year of low density PE (LDPE) and additional 190,000 tonnes/year provided by a swing plant (HDPE/LLDPE), for a total PE capacity of 420,000 tonnes/year.

The APLA conference ends on Tuesday.

By: George Martin
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