The company Dow Chemical, the US petrochemical giant, increased from December 15, the price of all grades of polyethylene (PE), 5 cents (USD110 per tonne) for Latin America, according to ICIS, citing a source in the company.

Increase As for the Caribbean, Central America and the Andean region of South America, including Colombia, Ecuador, Peru and Chile.

The company did not name the specific reasons for the price increase, but market sources refer to the growth of the US dollar against the currencies of countries in Latin America, as well as crude oil prices rise.

It is unclear whether it will increase the market participants in the remaining few weeks before the end of December, in which the majority of market participants are inclined to get rid of stocks.

Since January a similar increase will be applied to all other regions, the sources noted Dow.

In August 2016 Dow Chemical has raised the prices of PE for the above regions on the 5 cents per pound (about USD110 per ton).

According to the price review ICIS-MRC, in Russia, buying activity in the market is still low enough polymer supply in the market allows the processors to the maximum delay the procurement of raw materials. Not led to an increase in demand for PE and approaching the long New Year holidays. continued decline in polyethylene prices on the market this week, fell all kinds of PE.

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.