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PE prices up by EUR 110 in Europe

December 23/2010

MOSCOW (MRC) -- European producers warn about considerable growth of PE prices for January. Depending on PE grades the prices will grow by EUR 50 - 110/t, according to MRC analysts.


The growth of ethylene and PE prices in Europe is stipulated by growing prices for oil. If during 2010 contract prices for ethylene grew by EUR 135/t, then in 2011 a more considerable growth of prices is forecasted. Only in January contract prices for ethylene may grow by EUR 70-100/t.


Main driver of  LDPE price rise in Europe this year has been the deficit of the product, as a result the prices have grown by EUR 320-360/t during the year. In 2011 the deficit is expected to strengthen. Along with scheduled growth of contract prices for ethylene, some European producers announced the growth of  LDPE prices for January by EUR 50-80/t.


Oversupply of HDPE in the European market during the year limited the prices rise. In fact by the end of the year spread between contract price for ethylene and price for HDPE didnt cover the expenses for the production. To compensate the growing price for ethylene and expenses for HDPE production, the European producers announced considerable growth of prices for January  - EUR 70-110/t.

 

For more detailed PE prices analytics see MRC Price Reports.


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