MOSCOW (MRC)--October contract price of ethylene was settled in Europe down by €10/tonne from the previous month, with some European producers agreed to cut export prices for polyethylene (PE) more than the monomer price decrease for deliveries to CIS markets in October, according to ICIS-MRC Price Report.
Negotiations over October prices of European PE began at the end of last week. All market participants said European producers decided to reduce the export prices of propylene polymers, and in some cases the price decrease is recorded more than the decrease in the price of propylene in the region.
Deals for October shipments of low density polyethylene (LDPE) were discussed in the range of €830-900/tonne FCA (free carrier), whereas last month's deals were done in the range of €840-960/tonne FCA.
Deals for October shipments of high density polyethylene (HDPE) were discussed in the range of €820-900/tonne FCA, whereas last month's deals were done in the range of €830-910/tonne FCA.
Many buyers reported an increase in the supply of polyethylene from a number of European producers, although some positions of PE remain limited, in particular, black PE100.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.