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Russian pipe PE price is increasing

August 29/2011

(MRC) -- Pipe PE100 prices are growing in the Russian market before planned shutdowns, according to ICIS-MRC Price report. The Russian market of pipe PE, unlike other consumption sectors, was on the sidelines quite a long time. Amid weak demand for finished PE pipes and sufficient supply of cheaper uncoloured PE100 (so-called uncoloured matrix), many Russian pipes producers were in no hurry to renew their feedstock. But last week this market segment had an upward rise in prices.

In mid-August, due to the technical problems, a major Russian supplier of black PE100 Kazanorgsyntez delivered polyethylene on the domestic market with interruptions. Besides, on-coming maintenance stop of HDPE production in Kazan and a tight feedstock supply last week boosted buying activity. In the beginning of the week spot price of Kazan PE100 started from RUB 60.700/t, including VAT, FCA Kazan. By the end of the week, it had reached RUB 62.500/t, including VAT, FCA. This week prices made RUB 63.000/t including VAT, FCA, at that a further price growth is expected.

In August, Nizhnekamskneftechem supplied a considerable amount of black PE100 to the domestic market. Pipe PE is offered so far only in North-West federal district for RUB 62.500/t, including VAT, CPT St. Petersburg. It is possible, that in September Nizhnekamskneftechem will increase pipe PE supplies due to growing demand.

Export prices of European coloured PE100 for August supplies to FSU markets made EUR 1.150 - 1.250/t, FCA. In Europe, ethylene contract prices for September delivery fell by EUR 5/t compared to August. Export prices of pipe PE from European producers have not been announced yet, but it is possible that they will remain in August level.

Tags:PE, HDPE, Kazanorhsyntez, Nizhnekamskneftechem.
Category:General News
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