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Kazanorgsintez raised LDPE prices

April 18/2013

MOSCOW (MRC) -- Kazanorgsintez, one of the major Russian producers of petrochemical products, has announced an increase in contract low-density polyethylene (LDPE) prices, according to ICIS-MRC Price report.

Contract LDPE prices will rise by Rb1,000-1,500/tonne compared to the level of early April and come into effect from 25 April. The rise in LDPE prices is caused by the shutdown of the plant for maintenance (from 18 April for four weeks) and a seasonal increase in demand.

As MRC reported previously, by early April, Russian LDPE prices had surged by Rb1,000-3,000/tonne. Several Russian LDPE producers - Kazanorgsintez, Tomskneftekhim, Ufaorgsintez and Gazprom neftekhim Salavat - had announced LDPE price increases.

Kazanorgsintez is one of the largest petrochemical plants in Russia. The company produces more than 38% of Russian polyethylene. It also produces polyethylene pipes. In the first quarter of this year, the total production of polyethylene by Kazanorgsintez made more than 185,000 tonnes.


mrcplast.com
Author:Margaret Volkova
Tags:PE, LDPE, SNOS (Salavatnefteorgsyntez), Tomskneftekhim, Kazanorgsyntez, Ufaorgsyntez.
Category:General News
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