23 August 2012 23:59 [Source: ICIS news]
LONDON (ICIS)--European August high density polyethylene (HDPE) pipe resin prices for monthly business have increased by €160–180/tonne because of a rise in feedstock costs, producers and converters said on Thursday.
August prices are assessed at €1,425–1,440/tonne FD (free delivered) NWE (northwest Europe) for HDPE 100 and HDPE 80 pipe grades.
The increases are the first in the HDPE pipe market since April and represent a 13-14% jump from July. Price levels are now closer to those last seen in February.
Sentiment in the PE market first turned bullish in early July, immediately after the €170/tonne decrease in the July ethylene contract price, and pricing ideas for HDPE pipe monthly business became firm as the month progressed.
However, July prices for monthly business were assessed at €1,245–1,280/tonne FD NWE for HDPE 100 and HDPE 80 pipe grades, down by €120-140/tonne from June because of the reduction in the ethylene contract price for July.
($1 = €0.80)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections