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MOSOW (MRC) -- Following the slide in Asian and Middle East prices for
PE, European producers reduce export prices, on average, by EUR 100/t, according
to ICIS-MRC Price report.
Reorientation of PE export streams from Asia and Middle East to Europe
forced European producers to reduce prices yet in May. In June, growing
competitiveness as well as decrease of oil prices resulted in further cheapening
of PE.
Contract price for ethylene in July in Europe fell by EUR 95/t that will
affect PE prices next month. Some European producers have already declared EUR
100/t reduction of export prices for LDPE and LLDPE in CIS. Export prices for
HDPE were changing during June, as a result some producers declared
reduction of July export prices by EUR 120 – 150/t compared to early
June.
Russian producers unwillingly reduce PE prices both for domestic and
external markets. LDPE prices for the domestic market fell by 1.000 – 3.000
RUB/t by the end of June, depending on
producer. Only one Russian
producer declared reduction of HDPE prices in July.
mrcplast.com
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