Europe PE December prices down for CIS countries
Sergey Karaichentsev
10-Dec-2018
MOSCOW (MRC)–European producers were reluctant to reduce polyethylene (PE) prices for CIS countries for December, despite a drop in the upstream ethylene contract, according to ICIS-MRC price report.
The December contract price for ethylene in Europe was agreed down by €110/tonne from November; however, reductions for PE being suggested by European producers were not proportional to the decrease in monomer prices, with reductions of just €70/tonne offered.
As a result, negotations for December high density polyethylene (HDPE) shipments were held in the range of €1,020-1,095/tonne FCA (free carrier), down by €50-70/tonne from November.
December deals for European low density polyethylene (LDPE) were discussed in the range of €980-1,035/tonne FCA, down from a range of €1,020-1,080/tonne FCA in November.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.
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