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European producers raised June PE prices by EUR30-80/tonne for CIS markets

June 08/2018

MOSCOW (MRC) -- The June contract price of ethylene was agreed in Europe up by EUR63/tonne from May. However, European producers raised their export prices of some polyethylene (PE) grades for June shipments to the CIS markets more significantly than the amount of the increase in monomer prices, according to ICIS-MRC Price report.

Negotiations over June PE shipments from Europe to the CIS countries began on Monday. But a major rise in ethylene prices in the region led to a proportional increase in export prices of only high density polyethylene (HDPE) for the CIS customers, whereas in the low density polyethylene (LDPE) segment, the two-fold price increase was lower than the amount of the increase in ethylene prices.

Negotiations over June HDPE shipments were held in the range of EUR1,080-1,153/tonne FCA, up by EUR63-80/tonne from May. Those producers, which plan shutdowns for maintenance in the nearest future, had restrictions on shipments. 

Prices of black PE 100 also grew and were discussed in the range of EUR1,360-1,415/tonne FCA. Most producers still had major restrictions on exports, and not all companies could meet their needs in full. 

Deals for June shipments of European LDPE were negotiated in the range of EUR1,080-1,150/tonne FCA, up by an average of EUR30/tonne from May.
Author:Margaret Volkova
Tags:Europe, SNG, PE, LDPE, HDPE, ethylene.
Category:General News
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