Spot prices of low-density polyethylene (HDPE) in Europe continue to decline, especially for blow molded HDPE grades, ICIS reports citing sources in the market.

Import prices of HDPE at the current time are at the level of EUR1,100 per tonne, FD NWE (north-east Europe), with the supply of material was wide, the sources note.

According to one of the sellers, the demand for the material is weak, while there are a lot of proposals.

According to the Price Review of ICIS-MRC, in Russia, from July 1, plans to halt the production of LPG Gazprom nefthim Salavat for a 30-day prophylaxis. The annual capacity of the plant is 120 thousand tons.
Nizhnekamskneftekhim in the coming days plans to reorient from the production of HDPE to the production of LDL-C4. Annual production capacity is 210 thousand tons