The April contract price of ethylene in Europe was settled at the same level as March meaning European polyethylene (PE) producers were forced to roll over March prices for April shipments, according to ICIS-MRC price report.

Negotiations over export prices of European PE to be shipped to the CIS markets began on Monday. Many negotiators said all European producers had rolled over their export PE prices. Some producers, on the contrary, had to reduce their prices because of fairly high prices in March.

April deals for high density polyethylene (HDPE) were discussed in the range €1,170-1,225/tonne free carrier (FCA), whereas last month’s deals were done in the range of €1,180-1,240/tonne FCA. Negotiations over black pipe grade PE 100 were held in the range of €1,300-1,360/tonne FCA.

Most European producers still had serious restrictions on exports.

Deals for April shipments of low density polyethylene were negotiated in the range of €1,300-1,350/tonne FCA, which virtually corresponds to  last month’s prices. As in the case with HDPE, some producers still had restrictions on PE shipments.

 

Source:icis.com

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