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Local deficit of LDPE for thermal shrinkage moved prices up

May 04/2011

MOSCOW (MRC) -- Suspension of Kazan enterprise as well as limited traffic in federal roads stipulated local deficit and small growth of prices for polyethylene (PE) for thermal shrinkage, according to ICIS-MRC Price forecast.

In April because of spring floods the cargo traffic was limited in many federal roads. It didnt affect the Russian market of PE seriously, except growing expenses for delivery. A small demand for LDPE in terms of efficient offer didnt cause serious problems in the market. 

In mid-April LDPE capacities in Kazan were suspended for scheduled maintenance, and in the end of the month there was a small deficit of 153 PE in separate Russian regions. Despite a low buying activity, in the first weeks of May the prices for LDPE for shrinkable films production in terms of limited offer grew to 65.000 67.000 RUB/t, including VAT, FCA. The offer of 158 PE is more than enough and the level of prices is within 61.000 64.500 RUB/t, including VAT, FCA, depending on producers.

Renovation of LDPE production for shrinkable films in Kazanorgsyntez is expected after 17 May, after scheduled maintenance. It is not excluded that till now a further reduction of PE offer will stipulate the growth of spot prices.

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