West European PE players eye lower prices for February
In Belgium, a distributor concluded some January deals with decreases of €100/ton. The distributor commented that he expects PE prices to decline further in February ahead of a possible stabilization in March and added that he expects to see good demand as buyers are keeping low stocks. Another distributor, who sold locally-held Middle Eastern cargoes €100/ton below last month, said that he expects PE prices to reach the bottom in February before stabilizing in the upcoming months.
A converter in Germany settled his January gentlemen’s agreements with decreases of €100-120/ton. According to the buyer, PE prices might stabilize in the March-April period depending on upstream costs and demand.
Spot PE prices for late January are at €1090-1170/ton for LDPE, at €1120-1180/ton for LLDPE and at €1070-1170/ton for HDPE FD, 60 days.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey’s PP, PE markets open post-Eid period with a cautious tone
- Global oil and petchem revenues hit by challenging market environment
- Tightness shapes expectations for Sept PVC pricing in Asia
- PP uptrend falters in Indonesia amid downstream resistance
- Will European PE market sustain uptrend following higher ethylene?
- COVID-19 resurgence weighs on polymer sentiment in Vietnam
- Stats: Turkey’s H1 polymer imports defy pandemic, hit all-time high
- Stats: China’s total PP, PE imports set a new record in H1 2020
- Lackluster demand outweighs tightness in Asian ABS markets
- Will costs drum up support for a 3rd-month-firming in Europe PET market?