MOSCOW (MRC) - December contract price of ethylene in Europe was agreed down EUR50/tonne below the level of the November. Nevertheless, despite such a significant decrease in the feedstock price, some European producers intended to roll over the November export prices of polypropylene (PP) for CIS markets , according to ICIS-MRC Price Report.

 

Last week, December contract prices of ethylene was agreed in Europe down by EUR50/tonne, compared with the level of November. However, some European producers rolled over the November level of export polyethylene prices for December delivery for the CIS markets. Some producers cut PE prices by EUR20 - 30/tonne.

 

The negotiations for European PE prices for December delivery begam last week. Deals for high density polyethylene (HDPE) were discussed in the range of EUR1,300-1,180/tonne FCA, which was on average down by EUR20-30/tonne from the November level.

 

Deals for low density polyethylene (LDPE) were discussed in the range of EUR1,180-1,240/tonne FCA, down by EUR20/tonne from the November level.