02 August 2013 10:16 [Source: ICIS news]
SINGAPORE (ICIS)--Spot offers for August low density polyethylene (LDPE) film in Pakistan rose by $30-50/tonne (€23-38/tonne) from July amid tightening supply in Asia, Karachi-based market sources said on Friday.
August LDPE film is being offered at $1,480-1,500/tonne CFR Karachi, they said.
“Prices rose quite substantially in such a short space of time,” a Karachi based trader said.
“It is a double whammy for us. Supply will continue to be tight for a few months and producers will be free to increase prices at will,” one of the Karachi-based sources said.
($1 = €0.76)
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