SUBSCRIBER NOTE: Platts corrects weekly European PE CPs, rationales for Feb 15

S&P Global Platts has corrected the weekly contract prices and rationales for European low density polyethylene, linear LDPE, and high density PE for February 15, 2017. The LDPE general purpose FD contract price for February 15 should have read Eur1,483-Eur1,487/mt FD NWE. It was incorrectly published as Eur1,468-Eur1,472/mt FD NWE.

The LDPE rationale should now read: European low density polyethylene spot prices were assessed at Eur1,325/mt Wednesday, down Eur10/mt on the week. Price ranges reported were between Eur1,300-Eur1,380/mt. Platts assessed just below the most repeatable sell idea heard. In the contract market, Platts assessed the price at Eur1,485/mt FD NWE, up Eur35/mt on the month, within the range of prices heard between Eur1,452 and Eur1,510/mt FD NWE, and in line with the ethylene contract price increase in February of Eur35/mt.

The HDPE Injection, film FD CP and LLDPE FD CP should have read Eur1,413-Eur1,417/mt. It was incorrectly published as Eur1,378-Eur1,382/mt FD NWE.

The LLDPE rationale should now read: European linear low density polyethylene spot prices were assessed at Eur1,235/mt FD NWE, in line with industry reported pegs. Prices were down Eur10/mt on the week. Prices were reported between Eur1,200 and Eur1,280/mt. Platts assessed below the most repeatable sell idea. The contract price was up Eur35/mt compared with the end of January to Eur1,415/mt FD NWE, within the range of Eur1,347.50/mt to Eur1,455/mt FD NWE heard and in line with the ethylene increase of Eur35/mt for February.

The HDPE B/Mldg FD CP should have read Eur1,413-Eur1,417/mt FD NWE. It was incorrectly published as Eur1,383-Eur1,387/mt FD NWE.

The HDPE rationale should now read: European HDPE grades were assessed stable on the week. European injection grade HDPE was assessed at Eur1,235/mt FD NWE. Price ranges were heard between Eur1,210 and Eur1,280/mt. Platts assessed the price at the most repeatable price pegs heard. HDPE blow molding was assessed at Eur1,255/mt. Price ranges were heard between Eur1,255 and Eur1,300/mt. Platts assessed the price based on the reported premium over HDPE injection grades and below the most representative sell idea. HDPE film grade was assessed at Eur1,245/mt. Price ranges were heard between Eur1,220 and Eur1,300/mt. Platts assessed just below the most repeated sell idea. Contract prices for all HDPE grades were assessed at Eur1,415/mt FD NWE, up Eur35/mt on the month. Contract prices were assessed with a range heard of Eur1,347.50/mt to Eur1,485/mt FD NWE and in line with the ethylene contract price in increase in February of Eur35/mt.

All the PE prices were up Eur35/mt compared with the end of January.

Full corrected tables can be found in the February 22, 2017 dated edition of Polymerscan.

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