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LONDON (ICIS) -- European polyethylene (PE) pipe resin October contract prices
largely settled at a rollover, although some slight reduction was noted at the
high end of business as price ideas narrowed, players confirmed on
Thursday.
Black high density PE (HDPE) 100 prices slipped by ?10/tonne ($14/tonne) at
the top of the range, as higher offers were no longer workable in the market due
to some aggressive competition for market share.
This left black HDPE 100 prices at ?1,190-1,240/tonne FD (free delivered) NWE
(northwest Europe) on a gross basis, which is subject to discounts and rebates
according to data from ICIS.
The weaker US dollar exchange rate was the main factor driving prices down,
according to market commentators, who said that this had now largely closed off
export opportunities for European sellers, pushing material earmarked for export
back into the already lengthening market.
mrcplast.com
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