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European producers raised HDPE prices for May deliveries to CIS markets

May 14/2018

MOSCOW (MRC) - May contract price of ethylene in Europe was agreed up by EUR20/tonne from the April level.
However, European producers increase only high density polyethylene (HDPE) prices for the May supplies in the CIS countries, according to the ICIS-MRC Price Report.

Negotiations on May PE shipments from Europe to the CIS markets began last week. But the increase in the price of ethylene in the region led to an increase in the export prices for only certain types of polyethylene for buyers from the CIS.

Prices for low density polyethylene (LDPE) were rolled over from April level. Negotiations on May shipments of HDPE were conducted in the range EUR1,020-1,100/tonne FCA, up EUR20/tonne from the April price level. There were no restrictions for May PE supply from European producers.

Prices of black PE 100 grew by EUR20/tonne in most cases and were discussed in the range of EUR1,300-1,360/tonne FCA. Most producers have serious export restrictions this month, and many companies have not been able to close their needs in full.

Deals for May shipments of LDPE were discussed in the range of EUR1,050-1,110/tonne FCA, which practically the same as in April.
Author:Anna Larionova
Tags:PE, LDPE, HDPE, ethylene.
Category:General News
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