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September HDPE prices considerably grew in Russia

September 05/2018

MOSCOW (MRC) - Russian producers raised the prices of high-density polyethylene (HDPE) for supplies in September in the domestic market by Rb3,000-11,000/tonne in comparison with August. The reason for the price rise was the deficit and the devaluation of the rouble, according to ICIS-MRC Price Report.

Traditionally, since mid-summer, there has been a significant increase in demand in the Russian HDPE market, and, together with it, a deficit. The current July was no exception, in the market there was a tight supply of pipe polyethylene.

Consumers of other grades of HDPE also had faced limited supply in August. Local producers can not easily compensate the lack of PE supply, while the weakening of the rouble against the dollar made imports quite expensive.

On the back of the tight supply and devaluation of the rouble, Russian producers raised the prices of HDPE for September in the domestic market by Rb3,000-11,000/tonne. The pipe high density polyethylene (HDPE) segment accounted for the acutest shortage. Key suppliers - Gazprom Neftekhim Salavat and Kazanorgsintez will significantly reduce the supply of pipe PE to the domestic market this month for a number of reasons.

Russian black PE100 price for September grew by Rb10,000/tonne in comparison with the level in August. The situation in film HDPE market is less critical, but there is also a significant price increase for September supplies.
And if in past years the lack of Russian material was compensated by increasing imports, in the current year devaluation of the rouble capped the imports.

Some sellers in second half of August increased the price of film HDPE to Rb115,000-118,000/tonne FCA, including VAT. Russian producers increased September film HDPE prices by Rb5,000-11,000/tonne.

The lowest price growth is seen in the segment of injection moulded HDPE, here the increase was only by Rb3,000/tonne. The demand for this polyethylene is low in the market, while supply is sufficient.
Author:Anna Larionova
Tags:PE, HDPE, injection moulding, extrusion coating, film extrusion, Gazprom neftekhim Salavat, Kazanorgsintez.
Category:General News
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