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MOSCOW (ICIS-MRC) - A tighten supply of low density
polyethylene (LDPE) in the Russian market and the oncoming stops for
scheduled turnaround continue to push the prices up. Next week the prices are
expected to rise further, according to a ICIS-MRC Price report.
In mid-March Russian
producers announced an increase in contract prices of LDPE in the domestic
market under pressure from rising oil prices. This week the spot prices of
low-density polyethylene in Russia increased on the back of growth in demand,
scheduled stops on turnaround, and traffic difficulties as a result of spring
floods.
Kazanorgsintez, Russia"s largest producer, plans to stop its
capacity of LDPE on a scheduled turnaround for a month on April 14. As a result,
the company substantially limited the quotas for the supply of polyethylene to
the domestic market in April. Ufaorgsintez plans to stop the capacities on
scheduled turnaround in early May. At the same time in March, because of a lack
of ethylene, the capacities of high-pressure polyethylene in Ufa are loaded on
average by 80%. There are disruptions in the supply of PE to the domestic
market.
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