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LME PricesLondon Metal Exchange
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| PP | LLDPE | |||
| US$/tonne | US$/pound* | US$/tonne | US$/pound* | |
| January 2009 buyer | 655 | 0.2971 | 710 | 0.3221 |
| January 2009 seller | 670 | 0.3039 | 750 | 0.3402 |
| February 2009 buyer | 665 | 0.3016 | 710 | 0.3221 |
| February 2009 seller | 685 | 0.3107 | 750 | 0.3402 |
LME is a futures exchange used primarily by industrial organizations to hedge raw materials pricing risk. Plastics futures contracts traded on LME are standardized agreements to buy or sell a set amount of a product at a pre-agreed price on a pre-agreed date. Prices listed here are daily reference and closing prices and official monthly settlement prices published by LME.
For more information on the LLDPE contract visit the LME website:
http://www.lme.co.uk/linear_contractspec.asp
For more information on the PP contract visit the LME website:
http://www.lme.co.uk/poly_contractspec.asp
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