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Russian pipe-grade PE market tightening

September 09/2009
MOSCOW (MRC) -- Lack of feedstock in the Russian pipe-grade PE market will last right till October – according to MRC’s analysts.

Russian companies have been covering lack of pipe-grade PE by imports and domestic HDPE grades since mid-July.

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.

Prices will continue to rise in September. Shortage of pipe-grade PE will partially be covered by imports of expensive European and Asian feedstock. European producers pushed up their September prices for pipe-grade material by EUR70-100/mt; South Korean feedstock became on average USD70/mt more expensive.

For more detailed information on the market of PE, see Price report.

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