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LDPE exports from Russia increased by 4%

December 21/2010

MOSCOW (MRC) -- In November LDPE export supplies from Russia grew by 4% compared to October and made about 16 KT. Good external market conditions may bring along further exports growth, according to MRC analysts.

In November Ц December 2009 low demand in the domestic market and good conditions in the external markets allowed the Russian producers to increase the exports to 25-30 KT.

In January 2010 insufficient offer of PE in the Russian market caused a sharp price rise. By June 2010 LDPE exports from Russia had fallen by record 6 KT. But in July there started a gradual growth of supplies to the external markets.

Herewith more than 67% of total exports fell at supplies to the Asian countries. Last week in Asia quotations for PE renewed the growth after two week break and were fixed within the range of USD 1.600 Ц 1.650/mt, CFR.

Favourable external market conditions may bring along further growth of exports from the Russian LDPE producers.

For more detailed information about PE exports see in MRC DataScope. 


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