September prices of European PE rise for CIS markets

11 September 2017 11:26 Source:ICIS News

MOSCOW (MRC)--European polyethylene (PE) producers raised their export prices by an average of €40/tonne for September shipments to the Commonwealth of Independent States (CIS) countries, as per ICIS-MRC’s Price report.

The €40/tonne increase comes despite the Europe September contract price for ethylene being agreed up by only €30/tonne.

Negotiations over export prices of European PE to be shipped to the CIS markets began last week. Many negotiators said most European producers raised their export PE prices more than the amount of the increase of monomer prices. Only in some cases, there was a price increase of €30/tonne, whereas in most cases, the rise was €40/tonne or higher.

Deals for September shipments of high density polyethylene were discussed in the range of €1,000-1,080/tonne FCA (free carrier), whereas August deals were done in the range of €960-1,040/tonne FCA.

Deals for black PE 100, meanwhile, were done in the range of €1,230-1,260/tonne FCA.

Deals for low density polyethylene were negotiated in the range of €1,150-1,210/tonne FCA.

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

By Sergey Karaichentsev