The July contract price of ethylene in Europe was agreed at EUR10 per tonne higher than the level of June. However, European manufacturers of polyethylene (PE) went further decline in export prices for polymer markets of the CIS countries, according to a price review ICIS-MRC.

Negotiations on the European export prices of PE began on Monday, many market participants have concluded a further (third month in a row) decrease in export prices for European producers in spite of increase in the cost of ethylene. In July, in some cases, the decline in prices was to EUR50-70 per tonne.

Transactions on the July shipment of high density polyethylene (HDPE) are in the range of EUR 1 070-1 170 per tonne, FCA, while June deals were in the range of EUR1 120-1 220 per tonne, FCA. Negotiations on the supply pipe of black PE100 are carried out in the range of 280- 1320 EUR1 per tonne FCA.

Transactions regarding the July shipments of high-density polyethylene (LDPE) are discussed in a range of EUR 1 180 – 1 250 per tonne, FCA, while a month earlier transaction for the supply of this type of PE were consistent in the range of EUR 1 230-1 300 per tonne, FCA. The individual companies have reported that in the second half of June were able to buy small amounts of LDPE at prices EUR 1 100 – 1 160 per tonne, FCA.