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Focus Europe PE spot prices slide on lower February expectations

Focus article by Linda Naylor

LONDON (ICIS)--Price ideas for European polyethylene (PE) spot prices are sliding and bids are now being made based on expectations for February, sources said on Friday.

“There is no market price,” said a distributor. “Whoever has stock is discounting.”

Low density polyethylene (LDPE) prices above €1,050/tonne FD (free delivered) NWE (northwest Europe), on a net basis, the price commonly mentioned last week, are no longer feasible, and while most sources gauged €1,000/tonne to be a potential market price this week, there was also talk below this.

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