Shutdown of the
HDPE unit at
Kazanorgsyntez at the end of September, as well as the switch of
Nizhnekamskneftekhim to
LLDPE production with the following suspension in October, will only aggravate the situation in the Russian
PE market. Lack of pipe-grade material is pushing up prices. Last week, prices for Russian
PE80 moved at RUB54.500–56.000/mt, including VAT.
