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Focus Europe PE spot prices surge on tight supply
By Linda Naylor
LONDON (ICIS)--European polyethylene (PE) spot prices are increasing sharply, with some grades rising particularly quickly as availability tightens following production cutbacks, sources said on Thursday.
Low density polyethylene (LDPE) and high density polyethylene (HDPE) injection prices have jumped significantly in the past couple of weeks.
On Thursday LDPE spot prices were as high as €1,320/tonne ($1,692/tonne) FD (free delivered) NWE (northwest Europe), from a level of €1,150/tonne only ten days before.
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INSIGHT: Outlook has to remain cautious in low growth environment
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VIDEO: ICIS Europe Lunchtime Bulletin 23 May 2013
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