Wednesday, September 05, 2007

POLYMERS - HDPE

HDPE prices stabilized at last weeks' level of US$1425/MT in Asia in the week of Sep 3, 2007. Selling price was heard quoted 10-15 dollars more, but prices resisted a gain as buyer intentions were pegged lower in anticipation of a price dip as they continue to believe that HDPE market prices have almost peaked and have nowhere to go but southwards.

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