European LLDPE - Market activity limited despite August
pricing■ Ethylene Contract settles down Eur70/mt■ South Europe's market activity slowsThe Eur70/mt decrease in European ethylene
contract prices did not spur buyers' interest over the seven-day period ending
Aug. 3. Buyers waited for fresh offers on the market while others were either
absent or preparing for August break. According to S&P Global Insights, the August
industry-settled European ethylene monomer contract price was Eur70/mt lower
than last month's at Eur1,425/mt on Aug. 1. Market sources said S&P global
Commodity Intelligence. Despite gas
prices at record highs and naphtha prices falling to near Eur40/mt in August,
the price of ethylene monomer for August was lower than expected. Other key
ethylene derivative markets like polyvinyl chloride were also affected by
subdued downstream demand as well as healthy import supply. August...