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PE prices in the Russian market started growing

January 14/2011

MOSCOW (MRC) -- As expected, beginning of the year started with PE price rise, on average, by 1.500 Ц 2.400 RUB/t, according to MRC analysts.

According to the forecast, in the first working week of January the Russian producers jacked up the price for PE. Main reasons are growing prices for oil and considerable growth of PE prices in the external market, particularly, in Europe. The European producers jacked the prices for polymer by EUR 80 Ц 130/mt depending on type, least of all the price was jacked for linear polyethylene

The same situation is observed in the Russian market. On average, the prices for HDPE and LDPE from separate Russian producers rose by 1.500 Ц 2.400 RUB./t. It is expected that prices correction in the Russian PE market will continue next week and only by mid-week the prices will be finally fixed.

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