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World HDPE prices remain flat

March 23/2010
MOSCOW (MRC) Ц Prices for high-density polyethylene (HDPE) in Russia, Europe and Asia remain flat in view of weak demand and surplus supply Ц according to MRC Price Report.
World HDPE prices remain flat

Since the beginning of February, HDPE prices in Russia have not changed seriously and vary within the range of RUB50.000Ц51.500/mt, including VAT, FCA. The most serious oversupply is observed in the markets of injection moulding and blown HDPE; demand for pipe-grade polyethylene is still low.

Last year, Russian producers were exporting excess polyethylene volumes. However, weak demand in foreign markets led to the decrease in exports in February down to 14.7 kt.

HDPE demand is also very weak in Europe. In March, European producers failed to raise contract prices. Producers might cut down output in April to balance the market.

The Asian HDPE market is undergoing a depression period. Demand for imported polyethylene is at a nearly zero level in many regional markets; needs are fully met by domestic production. At the beginning of the month, prices fell by USD50-80/mt.

For more detailed information on the polyethylene market see Price Report.

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