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February prices of European PE grew by EUR150 - 220/tonne for CIS markets

February 16/2021
MOSCOW (MRC) - February contract price of ethylene in Europe was agreed up EUR70/tonne from the level of the January. However, all European producers announced a much greater increase in export polyethylene (PE) prices for February shipments to the CIS markets, than the rise of monomer prices under the pressure of a deficit in the domestic market, according to ICIS-MRC Price report.

Negotiations over February prices of European PE began in the middle of last week. All market participants said that European producers have agreed to a more significant increase in export prices of ethylene polymers for shipments this month, in some cases the price increase reaches EUR220/tonne.

Lack of ethylene and unplanned shutdowns of some production facilities have seriously reduced the availability of polyethylene in Europe. February deals for low density polyethylene (LDPE) were discussed in the range EUR1,310 - 1,360/tonne FCA, whereas last month's deals were done in the range of EUR1,140 - 1,220/tonne FCA.

Deals for low density polyethylene (LDPE) were discussed in the range of EUR1,160-1,240/tonne FCA, versus EUR950-1,020/tonne FCA a month earlier. Black pipe PE100 rose in price from EUR150/tonne to EUR 1,240 - 1,280/tonne FCA.

Many buyers reported serious restrictions on exports from all European producers; some sellers closed all their deals at the end of last week.
Author:Anna Larionova
Tags:PE, LLDPE, LDPE, HDPE, ethylene.
Category:General News
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