POLYMERS - LLDPE

A quiet prevailed in the LLDPE markets of Asia, stagnating prices at US$1630/MT in the week of February 25, 2008. However, Taiwan's Formosa has increased offers for H2 March shipment to US$1680/MT CFR China, even as Korean cargoes were heard being offered at above US$1630/MT CFR CMP. The onset of the agricultural season in China is expected to prop up demand for agricultural films and subsequently for LLDPE in the next few months.