The US Dow Chemical, the international petrochemical giant, announced a price increase in polyethylene (PE) at 4 cents per pound (about USD88 per tonne) for the Central American market, the Andean region and the Caribbean, told ICIS.

According to the letter of the company to its customers, which ICIS received on Monday, the Dow wants to raise the price of PE from 1 July.

The company did not provide any explanation of future price increases.

The manufacturers of polyethylene in Latin America is Pemex and Ethylene XXI-Braskem Idesa in Mexico, Dow Chemical Argentina, Braskem in Brazil, Ecopetrol (only high-density polyethylene – LDPE) in Colombia and Polinter (Venezuela).

According to the price review ICIS-MRC, the Russian the PE market last week was rather calm. Polymer Supply is sufficient in all segments. Some of the major processors have closed all their transactions on June deliveries of polyethylene. the market price correction this week continued and increasingly concerned LDPE market.

Dow Chemical – US diversified chemical company headquartered in Midland, Michigan. It is the largest manufacturer of polymer products, including polystyrene, polyurethane, polyethylene, polypropylene and synthetic rubbers. The company produces more than five thousand products at 188 manufacturing facilities in 37 countries.

MRC