LDPE

LDPE prices stagnated at US$1760/MT in Asia in the week of April 21, 2008 on sluggish markets that remained dull while buyers awaited firm offers for May shipment. Most deals for April shipment were closed at US$1750/MT CFR China levels, but the market still awaits offers for May. Cargoes have been traded in a wide price range from US$1720/MT to US$1790/MT CFR China levels. Limited supplies continue in the region, as demand has shrunk at the end of the agricultural season in Asia. However, producers are unwilling to lower their offers below US$1750/MT CFR China as the EVA market continues to be firm.