European LLDPE : Limited spot activity in an oversupplied
market- Imports of metallocene are relatively weak- Increased supply of LLDPE C4Sources said that the European linear low
density polyethylene spot market saw little activity during the week to
February 8. Buyers resisted buying due to oversupply. The week saw a subdued
demand for European LLDPE. Despite an
increase in transaction activity in the final days of January February 6,
buyers' appetites remained below expectations. To meet limited demand, European production has remained at
its operational level. Producers were
reported to be aiming for an increase in LLDPE contract prices to lower
production costs, following the rise in upstream pricing for key feedstock
ethylene. Despite this, buyers were still
hesitant to buy material. A distributor
stated that buyers should expect some price increases in February because of
the...