21 March 2014 09:45 [Source: ICIS news]
SINGAPORE (ICIS)--China’s linear low density polyethylene (LLDPE) prices increased by 1.61% week on week because local producers raised their offers, industry sources said on Friday.
According to Chemease, an ICIS service in China, domestic LLDPE prices this week were at yuan (CNY) 10,850-11,200/tonne ($1,742-1,798/tonne), up by CNY150-200/tonne compared with the prices at CNY10,650-11,050/tonne last week.
Sinopec raised their EXWH (ex-warehouse) prices of LLDPE this week by CNY100-350/tonne, while PetroChina lifted their EXWH prices of LLDPE this week by CNY100-250/tonne,
“Traders raised their offers as a result of higher cost,” local distributors said.
($1 = CNY6.23)
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