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European prices of LDPE & LLDPE decline
20
Jul '10
PP Raffia in the CFR Chinese market remains unchanged around US $1,210 / ton. In Chinese market the price of PP Injection remained stable around $1,210 / ton.

In European market, price of PP Injection grade remained steady around $1,150 / ton. In last week European PP spot markets prices inched up due to broadly sluggish market.

In the US PP exports markets, PP assessment rose by 4 cents to reach up to 60-61 cents / lb ($ 1,320-1,345 / ton, FAS Houston), despite a July rollover in monomer contracts, but prompted by low inventories for monomer and polymer.

In Asian market, price of LDPE move down by $25 / ton and new prices assessed around $1,360 / ton. In the European market, price of LDPE and LLDPE too moved down by €10 / ton and new prices stood at between €1,200 / ton and €1,280 / ton, respectively.

In S E Asian market, price of LLDPE injection assessed around $1,235 / ton. In last week due to long supply and low seasonal demand, CFR Asia LLDPE market price was down by $40 / ton.

Click here to view and compare daily price trends.

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