European PE prices for CIS markets steady in August

MOSCOW (MRC)–After the European August contract price for ethylene was settled at a rollover, polyethylene (PE) producer followed suit and set exports prices for CIS countries at rollovers, according to an ICIS-MRC Price Report.

Negotiations over export prices of European PE to be shipped to the CIS markets began last week, with some suppliers trying to increase prices by €20/tonne, but the rollovers finally prevailed.

Deals for the August shipment of high density polyethylene (HDPE) were discussed in the range of €930-1,020/tonne FCA (free carrier), which actually corresponds to the level of the July deals, despite the serious strengthening of the euro against the dollar.

Deals for European black PE 100 were done in the range of €1,170-1,200/tonne FCA.

Deals for August shipments of low density polyethylene (LDPE) were negotiated in the range of €1,080-1,150/tonne FCA, which practically corresponds to last month’s prices.

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