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Prices of European PE fell for CIS markets

November 13/2018

MOSCOW (MRC) -- The November contract price of ethylene in Europe was agreed down by EUR10/tonne from October. And, as a result, European producers proportionally reduced their polyethylene (PE) prices for this month"s shipments to the CIS markets, according to ICIS-MRC Price report.

Negotiations over November PE shipments from Europe to the CIS countries began last Monday. Following the increase of EUR10/tonne in ethylene prices, most European producers announced a similar cut in this month"s export PE prices. At the same time, in some cases, producers still maintained October prices.

Thus, negotiations over November high density polyethylene (HDPE) shipments were held in the range of EUR1,080-1,155/tonne FCA, down by EUR10/tonne from October. The Czech producer still had restrictions on exports.

Deals for November shipments of European low density polyethylene (LDPE) were negotiated in the range of EUR1,020-1,080/tonne FCA. In rare cases, deals were reported to have been done at EUR980/tonne FCA.
Author:Margaret Volkova
Tags:Europe, SNG, PE, LDPE, HDPE, ethylene.
Category:General News
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