PE prices continue downward trend in CIS markets

MOSCOW (MRC)–Many European polyethylene (PE) producers have cut their export prices of polymer for the CIS markets more significantly than the fall in monomer prices, according to an ICIS-MRC Price report on Friday.

Europe’s February contract price of ethylene was agreed by €70/tonne lower than in January.

The reduction in PE prices for the CIS markets was €70-150/tonne, with high density polyethylene (HDPE) accounting for the greatest decrease.

Deals for February HDPE shipments were negotiated in the range of €1,150-1,225/tonne FCA this week, whereas January deals were done in the range of €1,290-1,345/tonne FCA.

In February, European producers do not have any restrictions in exports of low density polyethylene (LDPE). Deals were mainly negotiated in the range of €1,150-1,220/tonne FCA, whereas last month’s deals were done in the range of €1,300-1,350/tonne FCA.

Prices of European linear low density polyethylene (LLDPE), particularly, of metallocene LLDPE, dropped the least of all. Deals for February shipments were discussed in the range of €1,400-1,480/tonne, down by €70-90/tonne from January.

MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan