Prices of polyethylene (PE) in Europe this month fell to a lower value compared to the price reduction of the main raw material – ethylene, ICIS reported, citing market sources.

Some sellers still offer material on the June price, but others are ready to make concessions. According to some customers, they received offers to EUR40 per tonne lower compared to the level of June. But most of the talk about the decline of EUR20 per ton. Reduction of EUR20 per tonne as a minimum for the July deliveries of all PE grades, including high-density polyethylene (LDPE).

Offer a bit of material on the market is limited due to the continuing force majeure.

Spot prices are still on a downward terende which nevertheless slowed in recent years.

Spot prices of LLDPE butene based on LDL-C4 dropped to EUR1150-1100 per ton, FD NWE (northwest Europe).

HDPE prices fell below EUR1200 per tonne.

In May, the price of HDPE and C4 LDL were higher EUR1300 per tonne.

Coglasno price review ICIS-MRC, in Russia at the July contract price of polyethylene were finalized last week. Russian manufacturers of HDPE prices rolled over June to July, while the producers of LDPE opinions are divided. Kazanorgsintez kept June prices for the current month, and Ufaorgsintez Tomskneftekhim gone to lower prices. Demand for LDL C4 high enough, the main reason – a lower price level than LDPE and HDPE. The proposals for the supply of Russian LDL C4 were at 105,500 rubles. per ton, including VAT, CPT Moscow, and more.