South Africa’s Sasol announces May PE price rollover

28 March 2014 15:04  [Source: ICIS news]

LONDON (ICIS)--South Africa’s Sasol has announced a May price rollover for polyethylene (PE), a source at the company confirmed on Friday.

“Yes, I can confirm prices have rolled into May,” the source said.  “The decision is largely based on market needs for some price stability, given the volatility of the past six months.”

At least some market participants are pleased with the announcement.

One distributor said it was "relieved" after receiving official confirmation of the rollover.

By: Jo Pitches
+44 208 652 3214

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