September prices of European PE for CIS markets up slightly

MOSCOW (MRC)–The September contract price of ethylene was settled in Europe at the level of August, however, some European producers raised their high density polyethylene (HDPE) prices for September shipments to the CIS markets, according to ICIS-MRC Price report.

Negotiations over September polyethylene (PE) shipments from Europe to the CIS countries began last week.

On the back of stable ethylene prices, most European producers  announced a rollover of August PE prices for the current month, except for some producers of HDPE, who increased prices by €10/tonne.

Negotiations over September HDPE shipments were in the range of €1,100-1,165/tonne FCA (free carrier), up by €10/tonne from August in most cases.

The producers which raised their export prices for HDPE were mainly those  whose production capacities were, or will be, shut for maintenance in August-September. There are restrictions on September shipments because of the outages at the plants.

Prices of black PE100 remained unchanged, whereas supply of material increased. September deals were discussed in the range of €1,360-1,415/tonne FCA.

Deals for September shipments of European low density polyethylene (LDPE) were negotiated in the range of €1,045-1,090/tonne FCA, which virtually corresponds to the same figure a month earlier. There were no restrictions on LDPE shipments.

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