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LDPE prices rising in Russia

August 28/2009
MOSCOW (MRC) – Scheduled maintenance at several Russian LDPE units in September will result in rising  prices – according to MRC’s analysts. On Thursday, many trading companies suspended LDPE sales. The market came to a standstill awaiting higher  prices and lack of material.

Production capacities in Angarsk and Salavat will be shut down for scheduled repairs early in September. Kazanorgsyntez and Neftekhimsevilen will be suspended later. Many companies accumulate additional stocks for that period.

Strong demand for the 153rd LDPE grade caused unprecedented rise in prices at the end of the last week. Polyethylene prices went up to RUB47.500-48.000/mt, including VAT. Temporary suspension of production of the 158th LDPE grade in Kazan and forthcoming scheduled repairs, big PE exports from Tomsk and expectation of the next increase in  prices made some trading companies suspend sales of the 158th LDPE grade.

The market is expected to become more stable next week when Russian producers decide on September prices.

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