MOSCOW (MRC)--European producers have reduced their low density polyethylene (LDPE) prices for August shipments to the CIS markets despite the rollover in the feedstock ethylene contract price, according to ICIS-MRC Price report.
On the back of the ethylene price stability, most European producers announced a rollover for high density polyethylene (HDPE) prices for August, from July, but LDPE prices went down.
Deals for August shipments of European LDPE have been negotiated in the range of €1,045-1,090/tonne FCA, up from an average in July of €1,100/tonne FCA.
Negotiations over August HDPE shipments were held in the range of €1,080-1,155/tonne FCA (free carrier), which virtually corresponded to July prices.
European producers had no major restrictions on August shipments, despite shutdowns for maintenance at a number of plants.
Prices of black polyethylene (PE) 100 remained unchanged with a few exceptions.
Deals for August deliveries have been discussed in the range of €1,360-1,415/tonne FCA.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.