China, a key player in the world economy has announced a US$586 bln economic stimulus package to boost its floundering economy. The sentiments in polyethylene markets have been mixed.
After successsful conclusion of CFR China deals at US$775/MT, HDPE prices firmed by about twenty dollars, despite availability of cargoes lower than US$750/MT.
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Tuesday, November 18, 2008
Outlook for HDPE seems positive, LDPE and LLDPE continue to weaken due to pessimism
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