Spot prices of pipe grades of high density polyethylene (HDPE) were stable in Europe last week after a wave of sharp decline over the past few months, sources told ICIS market.

Quotes HDPE pipe started to stabilize since the beginning of November, and although some sellers call the higher prices, most buyers are reported to prolong the prices, despite the increase in ethylene prices on the EUR30 per ton.

It is clear that some manufacturers have reduced capacity utilization in the European market, and a surplus of material is not so much felt in the market, especially in the segment of HDPE blow molding grades, sources said.

In general, retailers are hoping for a good start in 2017 against the background of the presence of applications in the market for infrastructure projects.

According DataScope report, for the first ten months of the current year the total volume of foreign supplies of HDPE pipe on the Russian market declined by 42% – to 18.9 thousand tons compared to 41.2 thousand tons in January -.. October 2015.