Low Density Polyethylene Europe

摘要

European low density polyethylene spot prices fell Eur25/mt on the week to Eur1,675/mt FD NWE, falling for the first time since February amid expectations of easing supply. LDPE spot prices had touched fresh record highs every week since mid-April. The fall was cushioned by shortness in some grades like 0.3 MFI, sources said. At the same time, availability of off prime grade increased, sources said. Sabic restarted its low density polyethylene plant in Wilton, Teesside, northeast England, sources said. The force majeure on LDPE supplies remains, sources said. “We are doing all that is required to resolve the situation as soon as possible and to reestablish normal operations. Will keep you informed when we can expect the unit to be back in full production,” a company spokeswoman said. The fall in Asian prices contributed to easing bullishness in Europe.