PE sellers from Asia, Middle East drawn towards markets in China, SE Asia

26-Nov-09
Persistently steady oil prices coupled with rising costs of inputs naphtha and ethylene has propelled polyethylene prices in Asia in the past few weeks. As a result, an increased number of sellers from Asia and Middle East are interested in offering material in markets of China and South East Asia. In their bid toward better price realization, they have pushed up PE prices in the global markets. Few players have carried out additional price hikes on their initial offers for December on restricted allocations and mounting input costs.
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