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Russian producers increased PE contract prices

April 06/2012

MOSCOW (MRC)  --  Russian producers amid growing global demand and price quotations of oil increased the April contract prices of polyethylene by Rb1,000-2,500/tonne. Before the scheduled stops on the turnarounds the prices of LDPE rose most significantly, according to ICIS-MRC Price report.

In April, Russian producers of PE expectedly raise prices. Growing oil price quotations in the world and increased domestic demand were the main drivers of price hike. The situation in the market of LDPE was tightened by oncoming stops on the turnaround of plants in Kazan and Ufa. Nizhnekamskneftekhim and Kazanorgsintez increased the contract prices of HDPE for April by Rb1,000-1,200/tonne. Kazanorgsintez  increased the  contract prices of PE80. Nizhnekamskneftekhim increased the contract prices of film and pipe HDPE. By middle of this week the spot prices of film polyethylene have been settled at Rb65,000-66,500/tonne, including VAT, CPT Moscow.

This week Sibur, which controls Tomsknefehim assets, and Kazanorgsintez announced an increase in contract prices of LDPE by Rb2,000-2,500/tonne. Kazan plant is to stop its LDPE facilities on a month turnaround from April 14. In late April, Ufaorgsintez stops one of the reactors for LDPE production on two-week turnaround. The seasonal increase in demand and oncoming turnaround resulted in serious increase in the spot prices. The price quotations of 158-LDPE this week reached a Rb60,000-64,000/tonne, including VAT, CPT Moscow.
Author:Marina Ivanova
Category:General News
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