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July PE prices in Europe remained unchanged for CIS markets

July 06/2018

MOSCOW (MRC) -- July contract price of ethylene in Europe was agreed down by EUR50/tonne from June. However, European producers intend to roll over June export polyethylene (PE) prices for July shipments to the CIS markets, according to ICIS-MRC Price report.

Negotiations over July PE shipments from Europe to the CIS countries began on Monday. But the lower ethylene prices in the region did not lead to a proportional decrease in export PE prices. European producers announced a roll-over of June prices for this month for all grades of ethylene polymers.

Negotiations over July shipments of low density polyethylene (HDPE) were held in the range of EUR1,080-1,155/tonne FCA, which virtually corresponded to June prices. Soma producers had minor restrictions on shipments, but they were not critical for most buyers.

Prices of black PE 100 also remained unchanged and were discussed in the range of EUR1,360-1,415/tonne FCA. Supply of this PE grade increased noticeably in July after two months of serious restrictions on shipments.

Deals for July shipments of European low density polyethylene (LDPE)  were negotiated in the range of EUR1,080-1,150/tonne FCA, as a month earlier.
Author:Margaret Volkova
Tags:Europe, SNG, PE, LDPE, HDPE, ethylene, Belarus, Russia, Ukraine.
Category:General News
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