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March sell ideas for PE emerge sharply higher in Italy

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/02/2015 (17:01)
Initial sell ideas for March are emerging higher in Italy’s PE market after the March ethylene contracts fully settled with increases of €100/ton from February at €910/ton FD NWE yesterday. Sellers are aiming for hikes larger than the monomer gains pointing to the prevailing tightness across the European PE markets.

An agent of a West European producer expressed his March sell ideas with increases of €120-130/ton from February at €1180-1190/ton for LDPE film, at €1220-1230/ton for HDPE blow moulding and at €1200-1210/ton for HDPE injection, all on an FD Italy, 60 days deferred payment basis. The seller expects his supplier to issue increases larger than the monomer hike due to their short supply.

A distributor revealed his March sell ideas for West European LDPE with sharp hikes of €175/ton from February at €1200/ton FD, 60 days in line with his supplier’s pricing strategy. However, the seller commented, “Our supplier is aiming for sharp hikes to recover their margins, but we think that they might tone down their hike requests later in the month and concede to relatively smaller gains of €120-130/ton.”
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