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April prices of not all PE grade rose for CIS markets following higher ethylene prices

April 13/2018

MOSCOW (MRC) -- The April contract price of ethylene in Europe was agreed up by EUR10/tonne from March, but in a number of cases, European producers, on the contrary, either reduced their polyethylene (PE) prices or rolled them over from March for shipments to the CIS countries, according to ICIS-MRC Price report.

Negotiations over April PE shipments from Europe to the CIS markets began last week.  Higher ethylene prices in the region did not cause a rise in export PE prices  for buyers from the CIS countries, on the contrary, some producers reduced their PE prices for April shipments.

Negotiations over April shipments of low density polyethylene (HDPE) were held in the range of EUR1,000-1,080/tonne FCA, which virtually corresponded to March deals, although some producers raised their export prices, but they still remained within the general range.

Prices of black PE 100 still grew by EUR10-15/tonne in most cases and were discussed in the range of EUR1,285-1,340/tonne FCA.

Deals for April shipments of European low density polyethylene (LDPE) were negotiated in the range of EUR1,090-1,130/tonne FCA last week, down by EUR10-20/tonne from March.

April prices of hexene linear low density polyethylene (LLDPE C6) also grew by an average of EUR10/tonne. Deals were discussed in the range of EUR1,370-1,430/tonne FCA.
Author:Margaret Volkova
Tags:Europe, SNG, PE, LLDPE, LDPE, HDPE, ethylene.
Category:General News
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