27 June 2013 13:44 [Source: ICIS news]
One major producer was intending to ask the market for a €60/tonne increase in July, while another said a €20/tonne ($26/tonne) hike might be possible.
It is too early to tell where prices will land and much will depend on the level of demand in July.
Low density polyethylene (LDPE) prices rose by a minimum of €50/tonne in June, as product availability tightened on a strong upturn in volumes as May prices reached the bottom of the cycle. They are trading around the €1,300/tonne FD (free delivered) NWE (northwest Europe) level.
($1 = €0.77)
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