MOSCOW (MRC)–March contract price of ethylene in Europe was agreed down €20/tonne from the February, according to ICIS-MRC Price report.
Taking this into account European producers have announced a proportional reduction in export prices for low density polyethylene (LDPE) and linear low density polyethylene (LLDPE) for supplies to CIS countries.
Negotiations on the March supply of polyethylene from Europe to the markets of the CIS countries started last Monday. The decrease in the cost of ethylene in the region led to a decrease in export prices for LDPE and LLDPE for buyers from the CIS region, while prices of high density polyethylene (HDPE) were practically rolled over from the level of February. There was no information about restrictions of PE delivery from Europe this month.
Some European producers, on the contrary, have increased March HDPE prices from the February level. Most deals were done in the range of €1,000-1,070/tonne FCA (free carrier).
Prices for black PE 100 were mostly rolled over from the February level of €1,270-1,330/tonne FCA.
Deals on March shipments of European LDPE last week were agreed in the range of €1,100-1,150/tonne FCA.
European producers decreased the price for hexene linear polyethylene (LLDPE C6) by €20/tonne. Deals were discussed in the range of €1,360-1,420/tonne FCA.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.