European PE prices for CIS markets rise in September

09 September 2016 10:34 Source:ICIS News

MOSCOW (MRC)--European polyethylene (PE) producers increased their export prices for certain PE grades for CIS countries in September but the contract price of ethylene was agreed at the level of August, according to a MRC Price report.

Negotiations over export prices of European PE began last week, with many market participants reporting an upward price trend for low density polyethylene (LDPE) after four consecutive months of decreases.

At the same time, prices of high density polyethylene (HDPE) remained unchanged, except for pipe grade PE.

Deals for September HDPE shipments were done in the range of €1,090-1,160/tonne FCA (free carrier), which virtually corresponds to August prices.

Negotiations over pipe grade black PE 100 were held in the range of €1,220-1,270/tonne FCA, up by €20-30/tonne compared to last month's prices.

Deals over September LDPE shipments were discussed in the range of €1,190-1,250/tonne FCA, whereas a month earlier deals for this PE grade were negotiated in the range of €1,140-1,200/tonne FCA.

There were no restrictions in LDPE shipments by European producers.

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

By Sergey Karaichentsev