MOSCOW (MRC)--European polyethylene (PE) producers have reduced their export prices by up to €60/tonne for November shipments to the CIS countries despite the rollovers in the upstream feedstock’s ethylene, according to an MRC’s Price Report.
Negotiations over November prices of European PE to be shipped to the CIS markets began at the end of last week and many negotiators said most European producers had reduced their export PE prices, despite the stability of monomer prices.
Only in some cases, producers rolled over October prices.
Deals for November shipments of high density polyethylene (HDPE) were discussed in the range €940-1,050/tonne FCA (free carrier) whereas October deals were done in the range of €1,000-1,100/tonne FCA.
Some producers significantly reduced their prices for stocks back in the second half of October, and prices reached €930-980/tonne FCA.
Deals for black PE 100 were done in the range of €1,250-1,270/tonne FCA, which virtually corresponded to October prices.
Deals for November shipments of low density polyethylene (LDPE) were negotiated in the range of €1,070-1,180/tonne FCA, whereas last month’s deals were done in the range of €1,130-1,180/tonne FCA.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.