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LDPE prices in the Russian market are increasing because of disruptions in shipments

January 14/2014

Moscow (MRC) -- Supply of low density polyethylene (LDPE) in the Russian market continues to be tight, despite the long New Year"s holiday. Disruptions in LDPE shipments resulted in a price rise, according to ICIS-MRC Price report.

Long New Year"s holiday did not lead to an increase in supply of LDPE in the Russian market. A slight tightness in LDPE supply remains, despite a weak buying activity. LDPE prices also increased on the back of exports growth in the first working week of January. 

Kazanorgsintez, Ufaorgsintez and Gazprom Neftekhim Salavat offered LDPE of 108 grade in the range of Rb58,800-59,300/tonne FCA, including VAT in the spot market.

Price offer for LDPE Angarsk Polymer Plant production started from Rb61,500/tonne FCA Angarsk, including VAT.
Price for LDPE of 158 grade in the first week of January rose to Rb57,500-59,900/tonne FCA, including VAT.

One of the main reasons for the increase in prices was the information about the export shipments of polyethylene by Ufaorgsintez, which reduced the quotas for the domestic market.

Situation in the market of shrinkable film LDPE remained steady in the early weeks of 2014. Buying activity is very low, with spot offers heard in the range Rb61,000-61,700/tonne FCA, including VAT.
Author:Anna Larionova
Tags:PE, LDPE, Angarsk Polymers Plant, Gazprom neftekhim Salavat, Kazanorgsyntez, Russia, Ufaorgsyntez.
Category:General News
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