HDPE producers initially targeted a price rollover last month to bolster their underpressure profit margins after the November C2 contract price fell by ?20/tonne. Buyers were having none of this however, especially with plenty of special spot deals and low-priced imported material avail-able. Consequently, sellers had to give way and HDPE prices dropped in line with the lower monomer cost. Blown film grades under-performed due to availability of cheaper imports, while blow moulding and injection moulding grades also faced growing price pressure.
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