POLYMERS - LDPE

LDPE markets gained in strength and rose to US$1610/MT in Asia in the week of November 12, 2007. Most LDPE suppliers, upon conclusion of November deals, have started to open December offers at a price increase of almost thirty dollars. An example is the sharp contrast in offers by LG Chem for December shipment at US$1600-1,630/MT CFR China in comparison to November deals at above US$1550/MT CFR China. The same holds true for offers from Malaysian as well as Middle Eastern suppliers.