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LDPE prices increased in the first week of September in Russia

September 03/2021

MOSCOW (MRC) - Scheduled maintenance works at Russian producers of low density polyethylene (LDPE) result in an imbalance between supply and demand in the market. Tight supply also puts pressure on prices, the main sellers announced a price increase of roubles (Rb) 2,000-7,000/tonne for in September, according to the ICIS-MRC Price Report.

A limited supply of LDPE from Russian producers was reported by many converters back in August. Supply of LDPE will become even tighter in September due to the planned shutdowns for the repair of facilities in Ufa and Kazan.
Also in the past few weeks, problems with road transport have worsened, and transportation costs have increased.
Because of this LDPE prices increased in early September by Rb2,000/tonne and more.

Gazprom neftekhim Salavat shut its LDPE capacities for the  annual scheduled maintenance works from 20 July; the turnaround was originally planned for 30 days. But due to objective factors, the turnaround continues to this day, and new launch dates are not yet known.

Ufaorgsintez began a sequential shutdown for the repair of the capacities of the first LDPE line (PE 108) from 1 September, which will take a little less than two weeks according to the plan. However, the biggest loss for the market in the autumn is the shutdown of Kazanorgsintez"s facilities for the turnaround, which will start on 15 September and will last a little less than a month. It is the second largest LDPE manufacturer in Russia.

This week"s spot offer prices of 108 grade LDPE has started from Rb144,500/tonne CPT Moscow, including VAT,  PE 108 prices increased to Rb149,000/tonne CPT Moscow, including VAT.
Author:Anna Larionova
Tags:PE, LDPE, Gazprom neftekhim Salavat, Kazanorgsintez, Ufaorgsyntez.
Category:General News
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