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LDPE prices up in Russia

December 10/2009
MOSCOW (MRC) -- Prices for low-density polyethylene (LDPE) have begun to rise again in Russia MRC analysts reporting. Despite many market players expectations, LDPE prices went up on average by RUB500/mt.
Some Russian producers began to export LDPE actively in the second half of November. At the end of the first week of December, exports exceeded 7 kt. Exports became one of the reasons of limited LDPE supply in the domestic market that led to shortage of some grades. As a result, LDPE prices began to rise.

Earlier this week, prices for the 108th and 158th LDPE grades in Ufa went up to RUB40.00040.500/mt, FCA Ufa, and RUB40.50041.000/mt, FCA Ufa, respectively. Meanwhile, prices for Kazan and Tomsk material remain flat.
In Moscow, Kazanorgsyntezs 158th LDPE grade is offered on average at RUB43.500/mt, including VAT; the 108th grade is not available in Moscow.

For more detailed information on the Russian polyethylene market, see Price reports.
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