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February LDPE prices fell in Russia

February 06/2019

MOSCOW (MRC) -- Weak seasonal demand and oversupply became the main reason for the reduction of low density polyethylene (LDPE) prices in the Russian market. The key suppliers announced a price cut of Rb2,000-4,000/tonne for February shipments, according to ICIS-MRC Price report.

January was short due to the long New Year holidays, moreover, demand for LDPE is always very weak in the first months of the year due to a number of factors. Despite these factors, supply of polyethylene (PE) was excessive from some producers. And weak demand from the key export markets did not allow to get rid of oversupply of LDPE in the Russian market. As a result, many sellers announced price reductions for February shipments.

PE for the production of thick films (108 grade LDPE) accounted for the weakest demand in January, offer prices of this LDPE grade had reached Rb85,500-87,000/tonne, CPT Moscow, including VAT, by February. At the same time, the company"s customers said Angarsk Polymers Plant intends to reduce its output of 108 grade LDPE by one third year on year this year.

Demand for 158 grade PE was slightly stronger last month than that for 108 grade LDPE. In addition, there were temporary disruptions in Kazanorgsintez"s PE shipments. Offer prices for February deliveries of 158 grade LDPE were heard in a rather wide range, as follows: Rb91,500-96,400 CPT Moscow, including VAT.
Author:Margaret Volkova
Tags:PE, LDPE, film extrusion, Angarsk Polymers Plant, Kazanorgsintez, Russia.
Category:General News
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