Polyethylene (PE) buyers in Europe have curtailed buying activity and are buying bare minimum quantities this month on expectations that of a further price slide in November. Many see October as a traansition month, when October PE prices would be relatively stable ahead of a sustained price fall in the rest of the fourth quarter, due to easing upstream prices and the expected imports from the Middle East.
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Saturday, October 24, 2009
European polyethylene buyers envisage lower prices
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