Latest  up-date : 10 August 2009

PE:

Ethylene contract has been settled with an increase of 14USD – FD prices are at 518-524USD/MT.

A lower demand in PE is seen from Asia.

Converters are expecting lower prices for August notwithstanding the limited available stocks. 

One producer was offering HDPE at 1060 usd/tm FAS Houston, LLDPE offers from USA to Brazil at 1275 usd/tm CFR and to Colombia at 1190-1220 usd/tm CFR.

PP:

The availability of PP is short and the market is expecting price increases for August.

Price references: PPC at 1058-1080 usd/mt, PPH 1102-1124 usd/tm FAS Houston.