PE prices in Russia keep up growing in June

Prices for all kinds of PE in Russia keep up growing, in contrast to Europe and Asia, where PE prices fall – according to MRC Price reports.

In Russian HDPE market price increase is connected with insufficient supply – to the level RUB 55.000/mt, including VAT. LDPE prices didn’t change much in the region during the first week of June, but experts tell about trends of price increase for this type of polyethylene due to material deficit caused by scheduled maintenance at Kazanorgsyntez.

At the same time, in the market of some types of polyethylene in Europe lowering of prices on EUR 10/mt was observed as the situation with supply improved. In Asian market PE prices continue to decrease due to uncertainty in global stock market and falling ethylene prices. The decrease in Asia formed average USD 20-40/mt.