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Ufaorgsintez reduces PE and PP contract prices

November 18/2013

MOSCOW (MRC) -- Ufaorgsintez (part of Bashneft Group) has announced a reduction in contract prices of low density polyethylene (LDPE ) and polypropylene (PP) from 15 November, 2013, according to ICIS-MRC Price report.

The company reduced contract prices of polyolefins by Rb400-1,300/tonne from early November. Lower LDPE and PP prices were caused by a seasonal decline in demand.

The contract price for shrinkable film LDPE 153 dropped by Rb400/tonne, other polyethylene (PE) contract prices remained intact.

Contract prices for homopolymer of propylene (homopolymer PP) fell by Rb600-1,300/tonne from early November, while contract prices for copolymers of propylene (PP-impact and PP-random) remained steady.

Ufaorgsintez"s annual PP production capacity is 100,000 tonnes, the plants annual LDPE capacity is about 90,000  tonnes. The overall PP and LDPE output in the first nine months of 2013 totalled 87,000 tonnes and 68,800 tonnes, respectively.
Author:Margaret Volkova
Tags:PP, PE, PP-Impact, PP-Homo, PP-Random, LDPE, Ufaorgsyntez, Russia.
Category:General News
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