In August, the European market polyethylene (PE) shows the rise in spot prices, but manufacturers say high demand, despite the holiday season.

Not all spot prices have increased, but the proposals have become higher and very low prices for linear low density polyethylene (LLDPE) in recent weeks continued to rise. The lower part of the price range – € 1130 / tonne FD (free delivery). “Prices are rising at the lower end of the spot-business”, – said the representative of the manufacturer, citing a small but clear increase in market polyethylene low density (LDPE).

high-pressure polyethylene market is less susceptible to the effects of imports than in many other brands of polyethylene. Several vendors said they were surprised by the strong level of demand in the sector, which they observed during August. “We have seen three consecutive months, when demand was moderate. Currently, there is some replenishment converters companies, and they are aimed at the restoration of reserves “, – said the official manufacturer.

“We closed the order book for LDPE”, – said the other manufacturer. “The demand is quite good … and spot prices higher.” In the market of linear low and high-density sources were not convinced that the minimum price to be passed in August. Some optimism on PE price forecasts due to lower oil prices and a surge of the upward trend that has been seen in Asia in July.