PE prices in Europe are rising in June – Prices of polyethylene (PE) in Europe are expected to grow in June, buyers and sellers note, but the rise in PE prices has not yet covered the increase in raw material quotations – PE prices Europe June - Arhive

June 14, 2018

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PE prices Europe June PE prices Europe June PE prices Europe June PE prices Europe June PE prices Europe June PE prices Europe June

PE prices in Europe are rising in June – PE prices Europe June

PE prices Europe June MOSCOW – Prices of polyethylene (PE) in Europe are expected to grow in June, buyers and sellers note, but the rise in PE prices has not yet covered the increase in raw material quotations, ICIS reports.

The contract price of ethylene in Europe for June supplies was agreed at the level of EUR1,150 per tonne, which is EUR63 per ton higher than the level of May.

Initial prices grew rapidly, buyers expected an increase of about EUR50 per tonne and above. According to sources on the market, contracts tied to the price of ethylene will grow by EUR65 per ton, but freely agreed prices take time to settle.

Deliveries of imports from new North American PE capacities are still expected in the market, but so far their volume has been low. Most players expect that by the end of the year the volumes of supplies will grow.

It is expected that the June price for PE will be finally agreed at the very end of the month, when the contract price for ethylene in July is likely to be settled.

Earlier it was reported that European producers went for a more substantial increase in the export prices of certain types of polyethylene (PE) for June supplies to the CIS countries than the increase in the price of the monomer. The increase in the cost of ethylene in the region has led to a proportional increase in export prices for low-density polyethylene (HDPE) for customers from the CIS, while in the segment of high-density polyethylene (LDPE), the price increase is half the size of the increase in the price of ethylene. Negotiations for June shipments of HDPE were conducted in the range EUR1 080-1 153 per tonne, FCA, which is EUR63-80 per ton higher than the May price level.

mrcplast.ru

Author: Anna Larionova

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