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Russian HDPE producers raise contract prices

September 05/2013

MOSCOW (MRC) -- Russian high density polyethylene (HDPE) producers have announced an increase in contract prices following rising feedstock prices. Prices grew by Rb1,000-2,000/tonne, according to ICIS-MRC Price report.

Higher feedstock prices forced Russian HDPE producers to transfer their costs onto PE prices. Stavrolen and Nizhnekamskneftekhim increased contract HDPE prices for September by Rb1,000-2,000/tonne from August.

Buying activity in the HDPE market is low, despite the upcoming long shutdowns for maintenace at Kazanorgsintez (for a month from 10 September) and tight supply of some grades.

Offers for film HDPE in the spot market were heard in the range of Rb65,000-66,500/tonne CPT Moscow, including VAT. PE supply is tight, particularly, from the Stavrolen (technological issues in August) and Kazanorgsintez (an upcoming outage for a turnaround).

A shortage of black PE100 was felt in the pipe HDPE market. Prices of coloured Russian PE100 had risen to Rb69,200-70,500/tonne CPT Moscow, including VAT, by early September. There were no problems with the availability of natural PE100, offers were heard in the range of Rb64,000-65,000/tonne CPT Moscow, including VAT.
Author:Margaret Volkova
Tags:PE, HDPE, Nizhnekamskneftechem, Kazanorgsyntez, Stavrolen, Russia.
Category:General News
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