Linear Low Density Polyethylene Europe

摘要

Butene spot prices extended their losses this week, despite somerenewed strength in LDPE spot prices. “The upside for prices inLLDPE is higher than in LDPE,” a trader claimed. “The lengthin LLDPE is disappearing fast, even though it is cheaper rightnow,” he added. Spot LLDPE prices lost Eur10/mt this week,closing at Eur1,090-1,095/mt FD NWE, Wednesday. “There isresistance from converters to buy above Eur1,100/mt FD NWE,”a source said. “However the free-fall in prices is over, it seems,”he added. With momentum gained in Asia, there was anexpectation that prices in Europe would bottom out. AsianLLDPE increased this week on the back of seasonal demand andsupply concerns. The Far East Asia benchmark gained $30/mtor 2.4% week-on-week to end at $1,300/mt CFR Wednesday.