LDPE

Dull sentiments prevailed in LDPE markets as prices stagnated at US$1790/MT in Asia in the week of March 24, 2008, mainly on account of limited supplies. Markets stability was on account of restricted supply due to planned and unplanned plant outages. Few sellers from Asia and Middle East attempted to hike offers for next month above US$1800/MT CFR China, but met with little success, as the Chinese buyers mull substituting the more expensive LDPE with LLDPE.