MOSCOW (MRC) -- The January contract price of ethylene in Europe was agreed up by EUR45/tonne from December. European polyethylene (PE) producers increased their export prices by EUR45/tonne and higher, according to ICIS-MRC Price Report.
Negotiations over export prices of European PE began back last week, and most deals were done at once. Many negotiators said all European producers raised their export PE prices. Prices were adjusted by at least EUR45/tonne, some producers announced a price increase of up to EUR80/tonne. As in December, most producers had serious restrictions on exports this month.
January deals for high density polyethylene (HDPE) were done in the range of EUR1,090-1,205/tonne FCA, whereas last month's deals were done in the range of EUR1,045-1,160/tonne FCA. Negotiations over pipe grade black PE 100 were held in the range of EUR1,225-1,270/tonne FCA, up by an average of EUR75-80/tonne from December. Negotiations participants said producers from Hungary, Serbia and the Czech Republic still had significant restrictions on exports this month as well.
January deals for low density polyethylene (LDPE) were discussed in the range EUR1,205-1,275/tonne FCA, whereas last month's deals were done in the range of EUR1,160-1,230/tonne FCA. Similar to HDPE, a number of producers also had restrictions on shipments this month.
MRC