Market and product
European LDPE prices for CIS markets fall in August
European producers have reduced their low density polyethylene(LDPE) prices for August shipments to the CIS markets despite the rollover in the feedstock ethylene contract price, according to ICIS-MRC Price report.
On the back of the ethylene price stability, most European producers announced a rollover for high density polyethylene (HDPE) prices for August, from July, but LDPE prices went down.
Deals for August shipments of European LDPE have been negotiated in the range of €1,045-1,090/tonne FCA, up from an average in July of €1,100/tonne FCA.
Negotiations over August HDPE shipments were held in the range of €1,080-1,155/tonne FCA (free carrier), which virtually corresponded to July prices.
European producers had no major restrictions on August shipments, despite shutdowns for maintenance at a number of plants.
Prices of black polyethylene (PE) 100 remained unchanged with a few exceptions.
Deals for August deliveries have been discussed in the range of €1,360-1,415/tonne FCA. - ICIS -
