Friday, August 08, 2008

HDPE markets quieter as Beijing Olympics just around the corner

As the Beijing Olympics get scheduled to start today, HDPE demand from China was extremely dull, pressing down prices below the 1800 level. As the prices dip to below US$1800/MT CFR China, and demand from China continues to be lackluster, sellers are trying to divert cargoes to countries with better price realization- like those in Latin America, Africa and Europe.

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