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The Russian market of HDPE to face insignificant changes in March

February 22/2011

MOSCOW (MRC) -- The growth of prices for PE in the external markets is going on, while low demand and excessive offer will limit the price growth in Russia, according to MRC Price Reports.

The continuing growth of oil prices along with ethylene prices in the European and Asian markets will result in further growth of polyethylene prices in March. Some European producers have already declared their intentions to jack up the prices for HDPE by EUR 40-50/mt next month. The same actions are considered also by the Asian producers. According to preliminary data, the March price rise for HDPE will make USD 40-60/mt.

After launching of new capacities in Nizhnekamsk and Salavat, the Russian market of HDPE is not so adoptive to the price rise in the external markets. Even now, by the end of February, the Russian converters could not fully accept January PE price rise. Low seasonal demand almost in all consumption sectors in terms of stable work of all producers resulted in the market saturation and enforced competition between HDPE producers. 

The range of prices for HDPE is considerably high in the market. For example, for film HDPE it makes 58.500 Ц 63.000 RUB./t, including VAT, FCA, depending on producers and regions. The forecasted growth of PE prices in Asia and Europe will have some effect on prices in Russia. In the beginning of March the price rise is not expected in the Russian market, and the price range for HDPE from the Russian producers will decrease to 1.500 Ц 2.000 RUB./t.

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