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LyondellBasell: Price increase for PP and PE in Europe

January 29/2010

January 29 ( -- Barely a month after its latest price increase of EUR 100/t, LyondellBasell  again will raise the prices of polypropylene (PP) and polyethylene (PE) products in Europe. Effective 1 February 2010, the group will charge an additional EUR 120/t for PP and EUR 100/t for PE grades.

LyondellBasell said the hike was prompted by rising feedstock costs.

      MRC Reference

LyondellBasell.  The share in the Russian market in 2008:
 PE  - 1.4% (including HDPE - 2.5%, LDPE Ц 0.3%);
 PP Ц 4.1% (including block-copolymers - 9.5%).

Annual sales growth in Russia, during the recent 5 years:
 PE - 27%;
 PP Ц 88%.

The leader in the following polymers processing technologies:

 pipe extrusion;

 film extrusion;

 injection molding.



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