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LDPE prices decrease in Russia

October 23/2020

MOSCOW (MRC) -- A record high price level of low density polyethylene (LDPE) in September led to a drop in demand. In October, the end of shutdowns for maintenance at some plants and weak demand led to a price roll-back, according to ICIS-MRC Price report.

The rise in LDPE prices in Russia began in late June under the pressure of strong demand and the upcoming shutdowns for maintenance at Angarsk Polymers Plant and Gazprom neftekhim Salavat and continued until September, reaching a record level in the past few years. In late August-mid-October, Ufaorgsintez, Tomskneftekhim and Kazanorgsintez shut their production capacities for repairs, thereby reducing supply of LDPE in the market. But the price increase did not continue under the pressure of the reduced supply of polyethylene (PE), on the contrary, record high prices led to weaker demand, and LDPE prices began to gradually go down.  

Ufaorgsintez and Kazanorgsintez fully resumed their LDPE production at their production capacities last week, but due to objective reasons, these producers have not reached 100% capacity utilisation yet.

Prices of 108 grade LDPE dropped most dynamically in October, despite tight supply. By the third decade of October, prices of this PE grade had decreased to Rb92,500/tonne CPT Moscow, including VAT,  and lower.

Small sellers were selling Tomskneftekhim's 158 grade LDPE at Rb103,000-104,500/tonne CPT Moscow, including VAT, in the second half of October.
Author:Margaret Volkova
Tags:PE, LDPE, Tomskneftekhim, Angarsk Polymers Plant, Gazprom neftekhim Salavat, Kazanorgsintez, Ufaorgsyntez, Russia.
Category:General News
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