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September prices of European PE rose partially for CIS markets

September 14/2018
MOSCOW (MRC) -- The September contract price of ethylene was settled in Europe at the level of August.
However, some European producers raised their high density polyethylene (HDPE) prices for September shipments to the CIS markets, according to ICIS-MRC Price report.

Negotiations over September polyethylene (PE) shipments from Europe to the CIS countries began last week.
On the back of stability of ethylene prices, most European producers  announced a roll-over of August PE prices for the current month, except for some producers" HDPE, prices of which increased by EUR10/tonne.

Negotiations over September HDPE shipments were held in the range of EUR1,100-1,165/tonne FCA, up by EUR10/tonne from August in most cases. Mainly, only those producers, which production capacities were or will be shut for maintenance in August-September, raised their export HDPE prices. There are restrictions on September shipments because of the outages at the plants.

Prices of black PE100 remained unchanged, whereas supply of material increased. September deals were discussed in the range of EUR1,360-1,415/tonne FCA.

Deals for September shipments of European low density polyethylene (LDPE) were negotiated in the range of EUR1,045-1,090/tonne FCA, which virtually corresponds to the same figure a month earlier. There were no restrictions on LDPE shipments.
Author:Margaret Volkova
Tags:Europe, SNG, PE, LDPE, HDPE, ethylene.
Category:General News
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