Price ethylene Europe polyethylene

The contract price of ethylene in November in Europe decreased by EUR10 per ton Price ethylene Europe polyethylene

Price ethylene Europe polyethylene

MOSCOW – The contract price of ethylene in Europe for November deliveries was finally agreed at EUR1,135 per tonne, which is EUR10 per tonne lower than October, ICIS reported.Price ethylene Europe polyethylene

The contract price was approved under the terms of FD NWE (with delivery to North-West Europe).

Three manufacturers and two buyers directly confirmed this price.

Naphta fell in Europe in October.  In addition, the low water level in the Rhine also affected the performance of cracking plants in the region.Price ethylene Europe polyethylene

The contract price is considered fully agreed upon after confirmation from at least two manufacturers (suppliers) and from two consumers.

Ethylene is the main raw material for the production of polyethylene (PE).

According to a survey of Scanport Company Market Report, for the first nine months of 2018, the production of polyethylene in Russia increased by 3% compared with the same indicator in 2017 and amounted to about 1 346.2 thousand tons.

Production volumes of low-pressure polyethylene (HDPE) and linear polyethylene (LDL) increased.Price ethylene Europe polyethylene

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Author:   Anna Larionova

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