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November prices of European PE dropped for CIS markets

November 10/2017

MOSCOW (MRC) -- The November contract price of ethylene was settled at the level of October in Europe. However, European polyethylene (PE) producers reduced their export PE prices by up to EUR60/tonne for November shipments to the CIS countries, as per ICIS-MRC"s Price report.

Negotiations over November prices of European PE to be shipped to the CIS markets began at the end of last week. Many negotiators said most European producers had reduced their export PE prices, despite the stability of monomer prices. Only in some casese, producers rolled over October prices.

Deals for November shipments of high density polyethylene (HDPE) were discussed in the range EUR940-1,050/tonne FCA, whereas October deals were done in the range of EUR1,000-1,100/tonne FCA. It should be noted that some producers significantly reduced their prices for stocks back in the second half of October, prices reached EUR930-980 per tonne, FCA.

Deals for black PE 100 were done in the range of EUR1,250-1,270/tonne FCA, which virtually corresponded to October prices.

Deals for November shipments of low density polyethylene (LDPE) were negotiated in the range of EUR1,070-1,180/tonne FCA, whereas last month"s deals were done in the range of EUR1,130-1,180/tonne FCA.


mrcplast.com
Author:Margaret Volkova
Tags:Europe, SNG, PE, LDPE, HDPE, ethylene.
Category:General News
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