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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections