Pipe HDPE fell for Ukrainian consumers

On the background of a significant fall in prices of oil suppliers in the middle East polyethylene (PE) announced a significant price reduction for August shipments to the markets of CIS countries. The talks began this week, and many market participants reported that the prices were lowered by an average of USD100 per tonne compared with the July level.

In July of the transaction on the supply of middle East PE100 black was in the range of USD1 640-1 680 per tonne, CIF Odessa. At the August shipment of the discussion of prices is kept in the range of USD1 540-1 580 per tonne, CIF Odessa. The proposal of PE significantly increased.

As reported by some Ukrainian companies, they are in no hurry yet to confirm transactions for August shipment to the middle East PE100. Next week will begin price matching European PE, and prices in Europe will depend, August procurement middle East polyethylene.

Also one company said about the significant price drop black PE100 in Asia. Thus, the proposal on the August shipment of Thai black PE100 voiced at the level of USD1, 540 per tonne CIF Odessa.