MOSCOW (MRC) -- Ufaorgsintez, owned by United Petrochemical Company, has announced an increase of
Rb3,000/tonne in prices of low density polyethylene (LDPE), as per ICIS-MRC Price report.
The plant's customers said prices of the entire range of the produced polyethylene (PE) would rise starting from 29 April. LDPE prices will go up by Rb3,000/tonne compared with the level as of 15 April. The producer said the increase in PE prices was caused by an unprecedented deficit, which was formed in the Russian market in April.
Prices of polypropylene (PP) remained unchanged compared with the level as of 15 April.
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, poly vinyl chloride and polyethylene items, thinners, and dilutants. The company was incorporated in 1984. United Petrochemical Company owns 87.76% of Ufaorgsintez's capital. Bashneft sold Ufaorgsintez to United Petrochemical Company in May 2013.
According MRC ScanPlast report, the overall plant's PE and PP production totalled 24,800 tonnes and 31,700 tonnes, respectively, from January to March 2015.
MRC