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Upward momentum in PE confirmed on higher ethylene in Europe

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/01/2017 (11:58)
Most players in the PE market are bracing themselves for another round of price hikes in February in line with higher ethylene settlements, which were initially settled up €35/ton from January at €1020/ton FD NWE as of today. Apart from the cost side, producers might also find support from shrinking inventories and achieve better sales next month, according to some sources.

In Italy, a film manufacturer reported that they strictly limited their purchases recently and they did not conclude any deals this month, citing their low end product demand as the main reason behind their decision. The buyer said, “Our end sales are so stagnant that our customers were bidding for lower prices with respect to December price lists. Therefore, we preferred to use our existing stocks for January.”

Another manufacturer reported that he does not have high stocks and therefore producers might see better demand in February.

A distributor from Germany reported achieving increases of around €40-50/ton on January PE deals and added, “For February, our sell ideas suggest another round of €40-50/ton increases.”

In Italy, PE prices are quoted at €1270-1340/ton for LDPE, at €1180-1230/ton for LLDPE and at €1210-1300/ton for HDPE film and b/m on local terms.

Meanwhile, limited material availability as a result of reduced import volumes into Europe is considered as another factor paving the way for expectations of higher prices.
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