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August prices of European LDPE dropped for CIS markets

August 07/2018
MOSCOW (MRC) -- The August contract price of ethylene was settled in Europe at the level of July.
However, European producers reduced their low density polyethylene (LDPE) prices for August shipments to the CIS markets, according to ICIS-MRC Price report.

Negotiations over August polyethylene (PE) shipments from Europe to the CIS countries began last week.
On the back of the ethylene price stability, most European producers announced a roll-over of July high density polyethylene (HDPE) prices for this month, whereas LDPE prices, on the contrary, went down.

Negotiations over August HDPE shipments were held in the range of EUR1,080-1,155/tonne FCA, which virtually corresponded to July prices. European producers had no major restrictions on August shipments, despite shutdowns for maintenance at a number of plants.

Prices of black PE 100 remained unchanged with a few exceptions, deals for August deliveries were discussed in the range of EUR1,360-1,415/tonne FCA. Most producers had no restrictions on shipments this month.

Deals for August shipments of European LDPE were negotiated in the range of EUR1,045-1,090/tonne FCA, whereas prices were at an  average of EUR1,100/tonne FCA a month earlier.
Author:Margaret Volkova
Tags:Europe, SNG, PE, LDPE, HDPE, ethylene.
Category:General News
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