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Polypropylene prices continuously rising in Russia

January 29/2010
MOSCOW (MRC) -- January 2010 was marked by the dynamic growth of polypropylene (PP) prices in the Russian market. Over the first fortnight PP prices went up on average by RUB4.000/mt Ц according to MRC analysts. Prices will continue to grow in February.

January is traditionally a weak month in view of sales of polymers; however, the beginning of the year demonstrated different dynamics. Still at the end of December there aroused lack of raffia of some Russian producers. To some extent, the shortage was caused by force majeures at Ufa and Kapatnya sites.

In January, some companies awaiting the seasonal growth of prices began to build up stocks actively. Polypropylene demand became much stronger, though supply remained at the regular level. The situation was aggravated by the decreased imports of polypropylene from Ukraine and Turkmenistan. The last export bids for polypropylene from those countries went up by nearly USD200/mt. PP shipments from Ukraine are not expected in February; some small volumes of Turkmen material will be delivered to Russia not earlier than the second half of February.
By the middle of this week, prices for Russian raffia had gone up to RUB43.000Ц44.500/mt, including VAT, FCA; at the same time, some companies had temporarily suspended polypropylene sales. February PP prices for Russian material were announced, as well. In some cases prices are expectedly to climb at RUB49.000/mt.

For more details on the Ukrainian  PP market, see Price report.

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