In mid-November in Ukraine marked fluctuation in prices of HDPE, it is due to the volatility of hryvnia against the dollar and the euro. Against the background of the devaluation of the national currency at the beginning of the week traders stopped selling products, waiting for the stabilization of the course. Some trading companies continued implementation of daily adjusting selling prices, taking into account exchange rate fluctuations. Thus, the cost of the entire assortment
number increased to 1000-2000 hryvnia (depending on the brand). In the second half of the week the revaluation of the hryvnia resumed – and traders have again started to sell the products. But the demand was minimal because the processors at the beginning of next week, expect further price declines. Representatives of the largest trading companies of the country reported analysts “Chem-Courier” about PND large warehouse stocks imported from Russia. Products manufactured by “Kazanorgsintez” is being implemented by 37 500-38 500 hryvnia per ton.

And in Europe PND cheaper. North-West Europe declined spot ethylene prices. This along with low consumer activity was the main reason for reduction in price of polyethylene in the region. Another factor contributing to the decrease in the cost of HDPE, the product has become surplus. Against the background of the smooth operation of manufacturers, trading companies and processors formed the high stocks, which also has an effect on PND prices. According to the “Chem-Courier”, is now on the market a polymer is sold at 1160-1200 euro (molding).
Balance in the European ethylene market in October was replaced by a surplus. In mid-November olefin offers traders an average of 825 euros per tonne FD Northwest Europe, it’s 60 euros cheaper than in mid-October. Quotation gradually decreased during the month. ethylene contract price was set in early November. It amounted to 970 euros per tonne of the FD, or 30 euros higher than last month. Price increase was due, primarily, the growth of quotations of raw materials on the world market in October. Season repair work on cracking installations completed in the region. For this reason, the volume of deals in Europe far exceed demand. The company «Versalis» planned to resume the work of the enterprise in Dunkirk at the beginning of November. Pre-commissioning activities at the plant began to spend at the beginning of the second decade of this month. The first batch is expected in mid-November.