Some Europe PE prices for CIS countries fall, roll over despite ethylene hike

MOSCOW (MRC)–While the European April ethylene contract rose by €10/tonne, compared to March, some European producers have nevertheless decrease or roll over their prices for deliveries in the CIS countries, according to ICIS-MRC Price report.

Negotiations over April PE shipments from Europe to the CIS markets began last week, following the ethylene settlement for April at €965/tonne.

Negotiations over April shipments of low density polyethylene (HDPE) were held in the range of €1,000-1,080/tonne FCA (free carrier), which virtually corresponded to March deals, although some producers raised their export prices, but they still remained within the general range.

Prices of black PE 100 still grew by €10-15/tonne in most cases and were discussed in the range of €1,285-1,340/tonne FCA.

Deals for April shipments of European low density polyethylene (LDPE) were negotiated in the range of €1,090-1,130/tonne FCA last week, down by €10-20/tonne from March.

April prices of hexene linear low density polyethylene (LLDPE C6) also grew by an average of €10/tonne. Deals were discussed in the range of €1,370-1,430/tonne FCA.

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