POLYMERS - LDPE

LDPE markets moved up marginally to US$1780/MT in Asia in the week of February 25, 2008. Inactivity prevailed in the sluggish markets as buyers awaited March offers from most major suppliers. Deals for Middle East February cargoes concluded at around US$1750/MT CFR China, even as small sized cargo from South Korea inched past US$1750/MT. Strong demand from markets of South East Asia has helped conclude deals for material from South Korea at levels of 1780/MT CFR SE Asia. This coupled with restrained supply has resulted in suppliers targeting a price hike for March offers up by at least twenty dollars.