February ethylene contract price in Europe was agreed at EUR35 per tonne higher than the level of January. European producer of polyethylene (PE) went to a substantial increase in export prices than the increase in monomer prices, according to a price review ICIS-MRC.

Negotiations on the European export prices of PE began last week, and in most cases the transaction was immediately agreed. Many negotiators have concluded that all manufacturers from Europe went to higher export prices of polyethylene. Prices have been adjusted for at least EUR45 per ton, some manufacturers announced price increase of up to EUR70 per tonne. As in January, the majority of manufacturers to export there are serious limitations in the current month.

Transactions on the February shipment of high-density polyethylene (HDPE) discussed a range of EUR1 150-1 210 per tonne, FCA, while the previous month deals were in the range of EUR1 090-1 165 per tonne, FCA. Negotiations on the supply pipe of black PE100 EUR1 were in the range of 315 – 1 340 per tonne FCA, which is EUR70 per tonne higher than the level of January.

Most producers in Europe for the past few months, there are serious restrictions on exports.

Transactions regarding the February shipments of high-density polyethylene (LDPE) were discussed ranging EUR1 220 – 1 270 per tonne, FCA, while the previous month deals were in the range of EUR1 175 – 1 220 per tonne, FCA. As in the case of HDPE, saved restrictions on the shipment of this month for a number of manufacturers.