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August prices of European PE did not increase for CIS markets in spite of rising ethylene prices

August 08/2019

MOSCOW (MRC) -- August contract price of ethylene in Europe was agreed up by EUR10/tonne from July level.
However, some European producers announced a decrease in export PE prices for August shipments to the CIS markets, according to ICIS-MRC Price report.

Negotiations on August prices of European PE began last week. All market participants said that European producers have actually kept export prices of ethylene polymers for shipments in the current month at the level of July despite the increase in the price of monomer in the region.

At the same time, some producers, on the contrary, cut their export prices by EUR20/tonne, and in some cases, the price reduction reached EUR35/tonne. Deals for August LDPE were negotiated in the range of EUR950 -1,020/tonne FCA. July deals were agreed in the range of EUR970 -1,020 per tonne, FCA.

Deals for August deliveries of high density polyethylene (HDPE) were done in the range of EUR975-1,040/tonne FCA, for film and blow moulding polyethylene, while in the first half of July prices were in the range of EUR1,010 -1,060/tonne FCA.

August prices for injection moulding HDPE decreased to EUR970-1,000/tonne FCA, versus EUR995-1,020/tonne FCA, a month earlier.

Because of current and upcoming scheduled maintenance shutdowns, export quotas for some producers were limited, but these restrictions were not critical for most buyers.
Author:Anna Larionova
Category:General News
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