MOSCOW (MRC) - February contract price of ethylene in Europe was agreed down EUR70/tonne below the level of the January. However, most European producers have gone to a more significant decrease of their pipe high density polyethylene (HDPE) prices for the CIS markets, according to ICIS-MRC Price Report.
Negotiations on February supply pipe HDPE for CIS markets began on Monday, 1, February. Many market participants reported a significant decline in export prices from European producers, in some cases, price cuts reached EUR100/tonne.
At the same time the price difference between polyethylene PE80 and PE100 is practically absent. February deals for PE80 were discussed this week in the range of EUR1,230 - 1,260/tonne FCA, while the January deals were in the range of EUR1,290-1,330/tonne FCA.
Deals for PE100 were discussed in the range EUR1,230 - 1,280/tonne FCA, despite the fact that last month deals were done in the range of EUR1,330-1,380/tonne FCA.
MRC