POLYMERS - HDPE

Dull market conditions prevailed, causing HDPE prices to stagnate in Asia at US$1660/MT in the week of February 18, 2008. Buying activity in China remained lackluster on delayed return to the market by buyers. After the New Year holiday break, buyers from China have not yet returned to normal buying levels. Despite marginally lower offers from sellers from South Korea and India, activity continued to be restrained.