MOSCOW (MRC) -- Beginning of the year was marked with considerable growth of
prices for LDPE, but even a month later the Russian market still can’t entirely
accept this swing in prices, according to MRC analysts.
In the first January week the Russian producers raised the prices for
LDPE by 2.000 – 2.400 RUB/t. The warehouse stocks of the trading companies made
yet in December-first half of January allowed to limit the price hike in the
spot market. Traditionally, in the beginning of the year demand for polyethylene
is very low in the market that also had an impact on prices.
A month later the situation in the Russian market of LDPE actually didn’t
change. The purchasing activity is still not high. Demand for many types of
films is still low and the current level of prices for polyethylene doesn’t
allow many converters to increase the volumes of purchases for future. Also a
part of converters formed additional material stocks yet in December and with
new purchases they plan to enter the market not earlier than in the second half
of February.
By the beginning of February the range of prices for LDPE from the
Russian producers in the spot market had considerably decreased. The price
offer for 158 PE by the beginning of the current week is fixed within the range
62.000 – 63.500 RUB/t, including VAT, FCA. LDPE for production of shrinkable
film is offered on average for 62.800 – 64.000 RUB/t, including VAT, FCA.
mrcplast.com
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