Braskem mulls polyethylene and polypropylene price increases in Argentina

27-Sep-16

Brazil's Braskem plans to increase prices for all polyethylene and polypropylene grades sold in Argentina by US$110/mt and US$80/mt, respectively, this week, as per sources in Platts. The price increase comes amid higher import prices of PE and PP grades into the region.
A lack of fresh offers from the Middle East and Asia along with higher US-origin price levels have pressured markets upward, sources said.

S&P Global Platts assessed LDPE at US$1520/mt FOT Brazil on Wednesday, flat week on week. Homopolymer was also stable at US$1140/mt FOT, based on Brazil-origin offers at US$1260/mt CPT Paraguay. The assessments are a free on truck delivery price from Brazil into the Mercosur and subtracts freight costs estimated at $100/mt, as well as $20/mt for negotiation.