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Tough pricing talks

Focus Europe PE players square up to October price discussions

By Linda Naylor

LONDON (ICIS)--Polyethylene (PE) players in Europe are positioning themselves for October pricing discussions following last week’s settlement of the ethylene contract at a rollover from September, several said on Thursday.

Most discussions are only just beginning.

“They [producer] started with a plus €10/tonne, so I bid at minus €30/tonne,” said one large buyer who planned to leave serious negotiations until next week at the earliest.

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