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Tomskneftekhim and Ufaorgsintez raised LDPE prices

September 20/2013

MOSCOW (MRC) -- Two Russian producers Tomskneftekhim and Ufaorgsintez have announced an increase in contract low density polyethylene (LDPE) prices for the domestic market from 16 September. Prices rose by Rb1,000-1,550/tonne, according to ICIS-MRC Price report.

LDPE prices grew amid tight supply in the market and scheduled shutdowns for maintenance at Ufaorgsintez and Kazanorgsintez. Tomskneftekhim and Ufaorgsintez announced increased contract LDPE prices from 16 September by Rb1,000/tonne and Rb1,350-1,550/tonne, respectively. Other Russian producers have left their prices intact so far.

Ufaorgsintez reduced its LDPE capacity utilisation in the first half of September because of the lack of hydrocarbons. And since 16 September, the plant shut down its second reactor for LDPE (158 and 153) production for one week of maintenance works. The first LDPE (108) reactor will be shut down for a week turnaround next week.

Given tight PE supplym Ufaorgsintez announced an increase in contract prices for LDPE 108 and 158 from 16 September by Rb1,350/tonne and Rb1,550/tonne, respectively.

Kazanorgsintez intends to shut down its production for five days from 21 September. The outage was caused by a scheduled turnaround at the ethylene production. Many market participants reported disruptions in LDPE shipments to the domestic market, but contract prices remained stable.

Gazprom neftekhim Salavat had technical issues at its LDPE production last week. Its PE prices also remained steady.


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