Linear Low Density Polyethylene Europe

摘要

European linear low density polyethylene spot prices slipped to Eur1,250/mt FD NWE, down by Eur32/mt on the week, on persistent weakness in upstream markets, sources said this week. Feedstock ethylene spot prices hit a low not seen since May 27 at Eur910/mt FD NWE as a result of the fall in energy markets. “Converters are holding back, expecting the fall in prices to extend,” a source said, pegging prices at Eur1,250-1,260/mt FD NWE. Most sources pegged C4 prices in line with LDPE at Eur1,250-1,280/mt FD NWE. In the LLDPE c6 and mLLDPE markets prices also softened. Prices were heard at Eur1,290-1,300/mt FD NWE for LLDPE C6 and Eur1,330-1,340/mt FD NWE. The fall in hexene prices was heard despite production issues continuing at Ineos’ Feluy site. The Feluy oligomers plant, located south of Brussels in Belgium, which shut following a fire on July 28, will restart in October or November, sources said Tuesday. The plant had been expected to restart in August.