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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.
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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.
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The range of prices for HDPE is considerably high in the market. For
example, for film HDPE it makes 58.500 – 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 – 2.000 RUB./t.
mrcplast.com
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