POLYMERS - HDPE

HDPE prices moved up to US$1670/MT on higher seller offers, in Asia in the week of March 3, 2008. Producers from Thailand and Malaysia raised offers for CFR China material this week. However, as feedstock ethylene prices dip, the twenty dollar hike was met with some resistance from buyers, forcing deals to be concluded at lower levels. Buyers from China seem willing to hold on, as plummeting ethylene prices are expected to affect downstream polymer prices shortly.