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Ufaorgsintez raised contract polypropylene prices

September 20/2013

MOSCOW (MRC) -- Ufaorgsintez has announced an increase in contract polypropylene (PP) prices by Rb550-2,000/tonne amid strong demand and tight supply, according to ICIS-MRC Price report.

Ufaorgsintez said it will raise contract PP prices from 16 September by Rb550-1,000/tonne for homopolymer of propylene (homopolymer PP) and by Rb2,000/tonne for block-copolymer of propylene (PP-impact). The growth in contract prices was driven by strong demand and tight supply of polypropylene.

The capacity utilisation at Ufaorgsintez PP production was reduced by 20% in the first half of September because of the lack of hydrocarbons. A strong seasonal demand for polypropylene, particularly, raffia, led to an almost complete lack of stocks, given low operational rates at the plant.

OAO Ufaorgsintez  manufactures organic synthesis products in Russia and Europe. Its products include ethylene, propylene, ethanol, cumol, ethyl benzol, phenol, acetone, copolymer rubber, polyolefines, poly vinyl chloride and polyethylene items, thinners, and dilutants. The company exports its products to Byelorussia, Kazakhstan, Finland, Germany, France, and Brazil. Ufaorgsintez was founded in 1956 and is based in Ufa, Russia. As of January 22, 2010, Ufaorgsintez OAO operates as a subsidiary of Bashneft Joint Stock Oil Company.
Author:Margaret Volkova
Tags:PP, PP-Impact, PP-Homo, Ufaorgsyntez, Russia.
Category:General News
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