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Pipe PE prices remain abnormally low in the Russian market

December 23/2011

MOSCOW (MRC) -- A weak demand and excess supply of pipe HDPE in the Russian market still determine quite a low level of PE prices. It is not excluded that  in the nearest future, taking into account the events at Stavrolen, the price situation in the market will change, according to MRC analysts.

Pipe PE prices remain abnormally low in the Russian market The accident at Stavrolen has already caused a rise in HDPE prices in the Russian market on average by Rb2,000-4,000/tonne, the only exception makes pipe polyethylene. Excess supply of both colored and uncoloured pipe polyethylene amid a low demand still keep prices at quite a high level.

This week Russian producers offered uncoloured PE100 (so-called matrix) in the range of Rb57,500-60,000/tonne, VAT, FCA. Black Russian PE100 is offered on average for Rb59,500-60,000/tonne, VAT, FCA Kazan.

A buying activity in the market is low. Many Russian producers of polyethylene pipes are in no hurry to replenish their inventories. Mostly this is due to a lack of orders and planned stops for a turnaround in January.

At the same time, some converters still replenish their inventories, despite the end of the year and the coming long New Year holidays. Companies are investing their ready assets in the feedstock in anticipation of rising prices, which, as they think, will happen in the nearest future, due to the force majeure at Stavrolen.

Author:Marina Ivanova
Tags:PE, HDPE, other pipes.
Category:General News
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