Price agreements on the European polyethylene market in January were generally oriented to the fall in the ethylene reference. Producers occasionally succeeded in retaining part of the reduction, but in some cases they also had to concede more, especially with grades susceptible to imports.

In the important film segments, there were again signs of surplus tendencies. Especially in the first half of the month, this was frequently due to sluggish demand, but this gradually improved during the rest of the month. The ethylene reference for February was fixed unchanged. Many market segments seem to be well balanced so the most likely outcome for the rest of the month was a rollover.