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)
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