-Supply heard to
tighten as import volumes remain delayed-Lower offer levels
heard disappearing from market



In the week ended March, prices on the European linear-low-density
polyethylene market rose. 2, despite waiting to
see whole scale March offer levels. Upstream
news: The March European industry-settled ethylene contract price was increased
to Eur95-96/mt starting February at Eur1,435-1,455/mtMarch 1. The settlement was
delayed to the first day in the month due to complications caused by recent
steep rises in naphtha prices. In addition, Russia's invasion into Ukraine
created more volatility in upstream crude oil prices. According to sources, the price increase will likely cause
large price increases. Producers are trying to match spot prices to the rise of
ethylene after largely stagnant pricing in February. In recent weeks, competitive offer levels were seen to be
declining due to the...