European
LDP: Sluggish Demand causes a decline in spot activity-  Slow
Start to the Month-  Uncertainty
on the marketIn
the week ending Nov. 9, the European low density polyethylene spot markets saw
limited activity. The market was slow to start the month and continues to see
weak demand. A distributor said that clients prefer to pay their bills
through their contracts. The slower than expected settlement of the
November industry-settled ethylene price was a hindrance to LDPE contract
settlements. The delay in the November industry-settled Ethylene contract
price agreement also limited activity in the spot market. The November
European industry-settled ethylene contract price settled Eur35 more than the
October price of Eur1,295/mt Nov. 4. Due to European bank holidays and
diverging pricing expectations of buyers and sellers, the settlement was
delayed. There is still weak demand...