18 July 2013 17:46 [Source: ICIS news]
LONDON (ICIS)--Domestic prices in the European high density polyethylene (HDPE) pipe market have rolled over for July, buyers and sellers confirmed on Thursday.
Domestic prices for HDPE 100 and 80 grades were €1,405-1,425/tonne FD (free delivered) NWE (northwest Europe), according to ICIS.
Some producers said they had already seen some increases in HDPE pipe prices this week, though the increases were minimal.
“We are now slightly higher [than last week], about €1,415/tonne [$1,862/tonne] FD NWE, for both,” a producer said.
A second producer said it thought that €1,430/tonne was now perhaps too low, based on expectations of ethylene increases in August, but this was not widely agreed on by the rest of the market.
The majority of buyers have confirmed their July price discussions were concluded at a rollover, though some did see small increases of up to €5/tonne compared with the previous week.
“We had an increase of €5/tonne,” a buyer said, adding that producers were trying to raise prices for buyers that were coming to the market "late" following talk of higher ethylene prices in August.
The buyer said: “We heard some rumours that some suppliers wanted to increase with customers coming late to the market about €20/tonne.”
Demand is seen as reasonable for the time of year, though slightly below 2012 levels, a buyer said.
Some parts of Europe have already started holidays, and other parts will take holiday during August, and most expect to see the traditional reduction in demand levels in the coming weeks.
($1 = €0.76)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections