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Export prices of European polyolefins to increase in April

April 04/2012

MOSCOW (MRC) --  In Europe, contract prices of olefins for April rose by EUR40-50/tonne. On the back of rising prices of feedstock European producers in April plan to increase export prices of polyolefins in the CIS countries by EUR20-60/tonne, according to ICIS-MRC Price report.

In Europe, the contract prices of ethylene and propylene for April increased by EUR40-50/tonne compared to the March prices. This month European producers on the back of the growth in contract prices of olefins are planning to reach increase in export prices of polyethylene and polypropylene in the markets of CIS countries by EUR20-60/tonne.

Amid a small domestic deficit in Apri,  European producers aim to achieve increase in export prices of LDPE by EUR50-60/tonne, though export quotas will be cut even more due to the scheduled turnarounds of some plants. The situation in the market of LLDPE C6 follows the same trend. The stable demand for polyethylene and reduced production volumes made European suppliers plan to achieve increase in export prices by at least EUR50/tonne.


The prices of LDPE and LLDPE for March were at EUR1,360-1,440/tonne, FCA, and EUR1,460-1,540/tonne, FCA, respectively. European producers plan to raise export prices of HDPE by EUR20-40/tonne compared with the prices for March .

Volumes of polypropylene production in Europe was seriously reduced. There is a small deficit in the domestic market, export quotas are also significantly reduced. As a result, European producers aim to achieve increase in April export prices of polypropylene by EUR50-60/tonne. The European export prices of PP-homo for March were at EUR1,320-1,400/tonne, FCA.



mrcplast.com

Author:Anna Larionova
Tags:LLDPE, LDPE.
Category:General News
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