Prices PE in Europe can grow significantly in June – Prices PE Europe June - Arhive
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Prices PE in Europe can grow significantly in June
MOSCOW – A major producer of polyethylene (PE) in Europe warned its customers about a significant increase in material prices in June, ICIS reported to several buyers.
Spot quotes for some brands of PE already show an upward trend, but buyers did not expect that prices could grow by a three-digit value in June.
“The supply of excess material on the market,” said one of them.
In general, the situation in the European PE market is calm, market players are waiting for agreement on the contract price of ethylene for June, although most of them expect its increase against the background of increased quotations in the upstream market.
One supplier also warned about the increase in PE prices by a larger amount than the growth in the June contract price for ethylene, he also warned some of his customers about the possibility of a three-digit increase in material prices.
According to the Price Review of ICIS-MRC , in the Russian market last week the lack of supply of certain types of PE increased. In some cases, a lack of supply led to an increase in prices.
Demand for PE last week rose on the spot, although many companies have already closed all their deals on the May supplies. Some companies began actively placing applications for the June shipment of high-pressure polyethylene (LDPE) in the light of the forthcoming preventive stops of two manufacturers.
mrcplast.ru
Author: Margarita Volkova