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European March PE prices for buyers from CIS countries fell by EUR20/tonne

March 12/2018

MOSCOW (MRC) - March contract price of ethylene in Europe was agreed down EUR20/tonne from the February.
Taking this into account European producers have announced a proportional reduction in export prices for low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) for supplies to CIS countries, according to the ICIS-MRC Price Report.

Negotiations on the March supply of polyethylene from Europe to the markets of the CIS countries started last Monday. The decrease in the cost of ethylene in the region led to a decrease in export prices for LDPE and LLDPE for buyers from the CIS, while prices of high density polyethylene (HDPE) were practically rolled over from the level of February. There was no information about restrictions of PE delivery from Europe this month.

Some European producers, on the contrary, have increased March HDPE prices from the February level. Most deals were done in the range of EUR1000-1070/tonne FCA.

Prices for black PE 100 were mostly rolled over from the February level of EUR1270-1330/tonne FCA.

Deals on March shipments of European LDPE last week were agreed in the range of EUR1100-1150/tonne FCA.

European producers decreased the price for hexene linear polyethylene (LLDPE C6) by EUR 20/tonne. Deals were discussed in the range of EUR 1360 - 1420/tonne FCA.
Author:Anna Larionova
Tags:Europe, SNG, PE, LLDPE, LDPE, HDPE.
Category:General News
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