Europe PE sellers eye hikes in July despite ethylene rollover

27 June 2013 13:44  [Source: ICIS news]

LONDON (ICIS)--Several polyethylene (PE) producers in Europe are aiming to improve margins next month, even though the July ethylene contract has settled at a rollover, they said on Thursday.

One major producer was intending to ask the market for a €60/tonne increase in July, while another said a €20/tonne ($26/tonne) hike might be possible.

It is too early to tell where prices will land and much will depend on the level of demand in July.

Low density polyethylene (LDPE) prices rose by a minimum of €50/tonne in June, as product availability tightened on a strong upturn in volumes as May prices reached the bottom of the cycle. They are trading around the €1,300/tonne FD (free delivered) NWE (northwest Europe) level.

($1 = €0.77)

By: Linda Naylor
+44 20 8652 3214

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