By Chow Bee Lin
SINGAPORE (ICIS)--China’s import prices for low density polyethylene (LDPE) hit their highest in nearly three years this week - at an average of $1,710/tonne (€1,248/tonne) - because of reduced local production and imports, industry sources said on Friday.
This price on a cost-and-freight (CFR) China basis was last seen on 7 January 2011, according to ICIS data.
Local production of LDPE in China had been cut on tight supply of feedstock naphtha amid scheduled turnaround at a number of domestic refineries, they said.more >>
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