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LDPE prices in Russia increased by Rb1,000-1,500/tonne by early April

April 03/2013

MOSCOW (MRC) -- Early April was marked by a further rise of low density polyethylene (LDPE) prices in the Russian market, according to ICIS-MRC Price report.

Several Russian LDPE majors - Kazanorgsintez, Tomskneftekhim, Ufaorgsintez and Gazprom neftekhim Salavat - announced a price increase for LDPE by Rb1,000-1,500/tonne.

Consumer activity in the LDPE market is still low due to long winter. However, in the near future LDPE prices will be affected by scheduled outages for maintenance at the plants, road closures and a seasonal growth in demand.

Kazanorgsintez plans to stop its LDPE production from 18 April for a monthly turnaround. Ufaorgsintez is going to shut its production in mid-May for a 10-day maintenance, but the exact dates have not been finally approved yet.

Belarusian producer Polymir stopped one of its two reactors on 30 March for a two-week turnaround. On average, not less than 5,000 tonnes of high-density polyethylene are delivered from Belarus to Russia.

Traditionally, in April, restrictions on the movement of road freight trasport are imposed during the spring floods in many regions of Russia. Since 1 April, the restriction has been introduced in the Republic of Bashkortostan, from mid-April it will come into effect in Tatarstan. The movement restriction on the roads will result in an increase in the cost and delivery dates of the goods.

By early April, LDPE prices went up to the level of Rb58,000-60,000/tonne, CPT Moscow, including VAT, for LDPE 158 and Rb61,000-62,000/tonne, CPT Moscow, including VAT, for LDPE 153. Despite the fact that consumer activity in early April is low in the market, a seasonal increase in demand for polyethylene, as well as a further price surge, is likely to take place in the near future with the upcoming warmth and plants shutdowns.

As it was reported, last year by early April, prices of LDPE 158 in the Russian market had risen to the level of Rb60,000-64,000/tonne, CPT Moscow, including VAT, and by mid-May, the planned outage for maintenance at Kazanorgsintez"s LDPE production and a seasonal increase in demand had led to the price level of Rb66,500-68,000/tonne, CPT Moscow, including VAT, for PE 158.
Author:Margaret Volkova
Tags:PE, LDPE, SNOS (Salavatnefteorgsyntez), Kazanorgsyntez, Polymir, Tomskneftekhim, Ufaorgsyntez.
Category:General News
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