POLYMERS - HDPE

The market for High Density Polyethylene (HDPE) was lackluster in Asia in the week of September 17, 2007. HDPE prices stagnated at last weeks price level of US$1410/MT on account of limited deals. Suppliers did try to raise prices by offering material atleast twenty dollars higher, but lack of buying interest resulted in no deals at this price. Most buyers from China preferred to "wait and watch" in anticipation of a price amendment.