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Film HDPE prices decreased in the second half of June in Russia

June 28/2021

MOSCOW (MRC) - After a long period of price rise, high density polyethylene (HDPE) prices began to decrease gradually in Russia at the end of May - June. At the same time, some of the sellers decreased prices significantly in the second half of June significantly, according to the ICIS-MRC Price Report.

Since the beginning of the year, HDPE in Russia has been dynamically rising in price under the pressure of a similar situation in the markets of Europe and Turkey. And only in April, foreign markets stopped putting pressure on polyethylene prices in the Russian market.

In May, the demand for polyethylene film decreased due to a number of factors, including long vacations. The situation with demand did not change dramatically in June, and the increase in supply led to a decrease in prices in the second half of the month.

Despite a serious reduction in the volume of supplies to the domestic market in the past few months from Kazanorgsintez, there is no shortage of supply of film polyethylene in the Russian market. ZapSibNeftekhim and Stavrolen fully meet all the needs of the market.

In addition, the import of polyethylene from neighboring countries have begun to grow since May, and already in June, an excess of supply began to be felt. Low prices of film HDPE in the spot market could be found in the end of May, small sellers "sold" ZapSibNeftekhim material at roubles (Rb) 121,500-123,000/tonne, including VAT, and delivery.

But since mid-June, an increasing number of sellers began to adjust their prices downward. By the beginning of this week, there were more and more offers for the supply of Russian and imported film HDPE in the range of Rb121,000-123,000/tonne, including VAT, and delivery.
Author:Anna Larionova
Tags:PE, HDPE, film extrusion, ZapSibNeftekhim, Kazanorgsintez, Stavrolen, Russia.
Category:General News
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