Asia:
Very stable in thin trade- Brent
falls $2.91/b- Lukewarm
recovery anticipatedDue
to the thin trade, Asian low density polyethylene was largely stable in
Southeast Asia during the week ending March 8. According to traders, Asian
Petrochemicalscan March 10 China prices were slightly higher due to
restocking. The ICE May Brent crude oils futures contract dropped $2.91/b
on the day to $ 83.150/b by 4:30 PM Singapore time (0830 GMT). March 8. Sources
said that downstream applications for medical, agriculture, and consumer
products were doing well while construction and packaging were
slow. Sources claimed that LDPE in Asia didn't have the same shortage of
HDPE or LLDPE. Although some producers acknowledged that the refinery-side
was profitable, the polymer business was losing money, they claimed. Some
Chinese re-export cargo requests were made. According to traders, they
originated in the Middle...