Polyethylene Pipegrade Methodology
ICIS pricing focuses on pipe grade high density polyethylene in resin form for natural grade and black material. HDPE80 and HDPE100 grades are used for different pressure and non pressure applications, with HDPE100 offering higher pipe properties.
‘Black’ compounded material is regulated by PE100+ association with certification and recognition from the International Standards Organisation. These pipes can withstand high operating pressures, improved resistance towards UV, surface notch damage during pipe laying and rapid crack growth. These properties have encouraged its used in major pressure applications such as water, heating, oil and gas pipelines compared to traditional piping materials.
Natural grade resins are non regulated materials requiring the need to compound them and adding colour masterbatches and carbon black to achieve the specs needed for a specific application. The pipes are compounded according to the needs of the buyer and project that it is intended for. These pipes are typically used in piping for sanitation, agricultural irrigation and as ducting materials.
Frequency:
Published weekly on Thursdays
Polyethylene Pipe Grade (Asia)
Weekly Price assessments
Black spot prices
HDPE 100
- CFR China (USD/MT & conversion to US CTS/LB)
- CFR Southeast Asia (USD/MT & conversion to US CTS/LB)
HDPE 80
- CFR China (USD/MT & conversion to US CTS/LB)
- CFR Southeast Asia (USD/MT & conversion to US CTS/LB)
Natural spot prices
HDPE 100
- CFR China (USD/MT & conversion to US CTS/LB)
- CFR Southeast Asia (USD/MT & conversion to US CTS/LB)
HDPE 80
- CFR China (USD/MT & conversion to US CTS/LB)
- CFR Southeast Asia (USD/MT & conversion to US CTS/LB)
Polyethylene Pipe Grade (Middle East/South Asia)
Weekly Price Assessments
Black – Compounded, pressure applications Spot Prices
HDPE 100
- CFR GCC (USD/MT & conversion to US CTS/LB)
- CFR East Med (USD/MT & conversion to US CTS/LB)
- CFR India (USD/MT & conversion to US CTS/LB)
HDPE 80
- CFR GCC (USD/MT & conversion to US CTS/LB)
- CFR East Med (USD/MT & conversion to US CTS/LB)
- CFR India (USD/MT & conversion to US CTS/LB)
Natural – non pressure applications Spot Prices
HDPE 100
- CFR GCC (USD/MT & conversion to US CTS/LB)
- CFR East Med (USD/MT & conversion to US CTS/LB)
- CFR India (USD/MT & conversion to US CTS/LB)
HDPE 80
- CFR GCC (USD/MT & conversion to US CTS/LB)
- CFR East Med (USD/MT & conversion to US CTS/LB)
- CFR India (USD/MT & conversion to US CTS/LB)
Polyethylene Pipe Grade (Europe)
The FD NWE quote represents gross delivered prices throughout northwest Europe. It does not reflect net business.
Weekly Price assessments
Black domestic market prices
HDPE 100
- FD NWE (EUR/MT & conversion to US CTS/LB)
HDPE 80
- FD NWE (EUR/MT & conversion to US CTS/LB)
General Information:
Assessment window:
Price assessments are based on information supplied by market participants through the week up to close of business on Thursdays at 1730 hours in Singapore. For the European report, price assessments are based on information supplied by market participants through the week up to close of business on Thursdays at 1700 hours in London.
Specification:
ICIS pricing assesses specifications as detailed in sections above.
Timing:
Cargoes typically loading or delivered two-four weeks forward from the date of publication.
Terms:
Typically 30-60 days after bill of lading date. Assessments for India and China are based on a LC at sight basis only, although deals with differing credit terms will be taken into consideration. In the Middle East, assessments are generally based on LC 90 days.
Standard cargo size:
In the Middle East, bulk parcels are in the range of 100-500 tonnes and in South Asia in the range of 100-300 tonnes. In China and southeast Asia, bulk parcels are in the range of 100-1,000 tonnes. In Europe, there is no FD standard size although typical truck size is 25 tonnes.
Assessment basis:
ICIS pricing polyethylene pipe grade price assessments are based on information gathered from the market throughout the week. The assessment of prices takes into consideration the following: transactions and deals, bids and offers, buy and sell indications and notional discussions throughout the week. In the event of the lack of confirmed trades, published price ranges represent the highest bids received and the lowest sell indications of the week.
In Europe, contract price assessments are quoted on a gross basis and do not take into account any discounts or rebates which may be applied on a case by case basis negotiable between individual suppliers and customers.
The Middle East/South Asia report includes pricing information in the GCC, East Med, India and Pakistan. The GCC region includes Kuwait, Bahrain, Oman, Qatar, Saudi Arabia and the U.A.E, while the East Med region comprises Israel, Syria, Jordan, Lebanon and Egypt. Pricing information focuses primarily on imported material into each of these regions. Details of domestic trading activity and prices are also included in the report’s market commentary