October export prices for Europe PE for CIS countries mixed

10 October 2016 10:16 Source:ICIS News

MOSCOW (MRC)--October export prices for Europe polyethylene (PE) to CIS countries are mixed as not all producers have increased values despite a rise in the monthly ethylene contract which was agreed up €15/tonne, according to ICIS-MRC Price Report.

Negotiations on export prices began this week with many market participants reporting that in most cases the export polyethylene prices have been kept at the level of September. At the same time prices for some grades have increased and decreased as well.

October deals for high density polyethylene (HDPE) were done in the range €1,090-1,180/tonne FCA (free carrier), while the September deals had been done in the range of €1,090-1,160/tonne.

Negotiations on black pipe PE100 were done in the range of €1,170- 1,220/tonne FCA, while the September deals had been done in the range of €1,220- 1,270/tonne.

Deals for October shipments of high-density polyethylene (LDPE) were discussed in the range of €1,190-1,250/tonne FCA, which corresponds to the September level of prices.

Many market participants said export quotas from European producers remained limited, partly because of shutdowns for scheduled maintenance works.

Shipments of producers from Hungary, Serbia and Czech Republic are restricted.

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

By Sergey Karaichentsev