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MOST-READ STORIES
- North American suppliers report shortages of polyethylene and ABS March 12, 2010
- A123 signs auto battery deal March 15, 2010
- Superb vision brings Ohio molder success despite the recession March 12, 2010
- Resin suppliers decry biodegradables March 17, 2010
- Growing volume of mislabeled bottles causing problems for PET recyclers March 15, 2010
MOST E-MAILED STORIES
- North American suppliers report shortages of polyethylene and ABS March 12, 2010
- Superb vision brings Ohio molder success despite the recession March 12, 2010
- Danafilms doubling Ky. plant size, adding W&H extruder March 12, 2010
- Forward thinkers: Skills take GW from automotive into medical March 16, 2010
- Recyclers working with grocery groups March 18, 2010
Resin Pricing - LME North America
| PP | LLDPE | |||
|---|---|---|---|---|
| US$/tonne | US$/pound* | US$/tonne | US$/pound* | |
| Cash & Settlement | 1600 | 0.7258 | 1530 | 0.6940 |
| April 2010 | 1600 | 0.7258 | 1485 | 0.6736 |
| May 2010 | 1580 | 0.7167 | 1385 | 0.6282 |
* Rounded
LME is a futures exchange used primarily by industrial organizations to hedge raw materials pricing risk. Prices listed here are daily reference and closing prices and official monthly settlement prices published by LME.
For more information, visit www.lme.com
Beginning Feb. 15, 2010 LME plastics prices for polypropylene and linear low density polyethylene will use LMEselect, the exchanges's electronic trading platform.
Impact of the changes
- Official prices will be available for Cash, Month 1 and Month 2
- Pricing will reflect a volume-weighted average, a method widely used by other commodity markets
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