Brazil’s Braskem to increase PE prices in December

06 December 2013 23:57 Source:ICIS News

HOUSTON (ICIS)--Brazil’s sole polyethylene (PE) producer Braskem is seeking to increase domestic prices for all grades of the resin, effective on 15 December, a company source said on Friday.

The increase for low density polyethylene (LDPE) prices will be reais (R) 200/tonne ($86/tonne, €63/tonne). Linear low density polyethylene (LLDPE) will go up by R100/tonne, while high density polyethylene (HDPE) prices will be increased by R150/tonne.

Prices were reduced twice in November but only for LLDPE and HDPE.

Currently, LDPE prices in Brazil are at $2,646/tonne FOT (free on truck), while LLDPE butene prices in Brazil were at $2,410-2,496/tonne FOT.

HDPE blow moulding prices are at $2,475 -2,604/tonne, according to ICIS data.

Prices in Brazil include PIS/COFINS taxes which add 9.25% to the price.

PE importers are having similar changes for the month.

($1 = €0.73, $1 = R2.33)

By George Martin