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US PE contract prices fall 4-6% in June on weak demand

July 01/2011

(ICIS) -- US June contract prices for polyethylene (PE) fell between 4-6%, depending on the grade, based on weak demand and downward pressure from global markets, sources said on Thursday.
Producers announced price reductions of between 2-3 cents/lb (USD 44-66/tonne, EUR 30-46/tonne) for high density PE (HDPE) grades, 4 cents/lb for linear low density PE (LLDPE) grades and between 4-6 cents/lb for low density PE (LDPE), sources said.

With the reduction, prices for LLDPE butene film were at 74-77 cents/lb DEL (delivered), LDPE film prices were at 84-86 cents/lb DEL and HDPE blow molding prices were at 72-74 cents/lb DEL, for small-volume buyers, as assessed by ICIS.

Tags:PE, HDPE.
Category:General News
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