MOSCOW (MRC) -- Ufaorgsintez, owned by United Petrochemical Company, has announced an adjustment in its contract polypropylene (PP) prices, whereas the plant's prices of low density polyethylene (LDPE) remained unchanged, according to ICIS-MRC Price report.
Company's customers said that, starting from 1 March, prices of injection moulding homopolymer of propylene (homopolymer PP) were reduced by Rb700/tonne from the level of mid-February, whereas prices of extrusion grade block copolymers of propylene (PP-block) grew by Rb2,000/tonne. At the same time, prices of extrusion grade statistical copolymer of propylene (PP-random) went up by Rb3,000/tonne.
LDPE prices for the production of general purpose films and shrinkable films remained unchanged compared with the level as of 15 February.
Ufaorgsintez OAO was founded in 1956 and is based in Ufa, Russia. Ufaorgsintez OAO manufactures organic synthesis products in Russia and Europe. Its products include ethylene, propylene, ethanol, cumol, ethyl benzol, phenol, acetone, copolymer rubber, polyolefines, polyvinyl chloride and polyethylene items, thinners, and dilutants. "United Petrochemical Company" (UPC) owns 87.76% of Ufaorgsintez's registered capital. Bashneft sold Ufaorgsintez's stake to UPC in May 2013.
According MRC ScanPlast, the overall plant's production of PE and PP totalled 8,700 tonnes and 10,800 tonnes, respectively, in January 2015.
MRC