A downtrend persisted in spot PE prices in Asia this week in the face of persistently poor buying interest. As per Chemorbis, the pace of the decreases has slowed down in general, while a few productss saw some slight up-ticks at the low end of the overall range, as PE sellers are beginning to face cost pressure as upstream crude and naphtha prices have firmed up while Asian ethylene prices have declined at a slower rate than PE prices since the beginning of June.
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Monday, June 28, 2010
PE prices near costs in Asia: decreasing trend slows down
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