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    Home > Chemicals Industry > Rubber Plastic News > European PE deals in full swing in December

    European PE deals in full swing in December

    • Last Update: 2022-08-21
    • Source: Internet
    • Author: User
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    Negotiations for the December polyethylene (PE) business in Europe have begun


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    A clear demarcation between spot and contract volumes has been established


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    The spot market can even see the situation on two levels


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    Not all buyers can accept low-end spot offers


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    However, one trader noted that it will take about 6 months to get approval, so this could change in the medium term as PE for new plants is not expected to disappear anytime soon


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    Exports of PE to China are very limited because the US has added a 25% prohibitive tariff


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    In the contract market, the €10/t increase in new ethylene contract prices has been largely ignored by the freely negotiated market, and some grades may also receive limited price cuts this month


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    Most of the deals will be completed by the end of the month, so the final outcome of December PE pricing is not expected to be announced for several weeks


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