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September prices of European PE rose for CIS markets

September 11/2017

MOSCOW (MRC) -- The September contract price of ethylene was agreed in Europe up by EUR30/tonne from August. However, European polyethylene (PE) producers raised their export PE prices by an average of EUR40/tonne for September shipments to the CIS countries, as per ICIS-MRC"s Price report.

Negotiations over export prices of European PE to be shipped to the CIS markets began last week. Many negotiators said most European producers raised their export PE prices more than the amount of the increase of monomer prices. Only in some cases, there was a price increase of EUR30/tonne, whereas in most cases, the rise was EUR40/tonne or higher.

Deals for September shipments of high density polyethylene (HDPE) were discussed in the range of EUR1,000-1,080/tonne FCA, whereas August deals were done in the range of EUR960-1,040/tonne FCA. Deals for black PE 100 were done in the range of EUR1,230-1,260/tonne FCA.

Deals for low density polyethylene (LDPE) were negotiated in the range of EUR1,150-1,210/tonne FCA.
Author:Margaret Volkova
Tags:Europe, SNG, PE, LDPE, HDPE, ethylene.
Category:General News
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