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Russian film-grade HDPE prices continue to fall

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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high density polyethylene structure

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According to the ICIS-MRC price report, oversupply conditions continue to put pressure on Russian film-grade high-density polyethylene (HDPE) prices
.

Prices peaked in the first half of May and trended downward from mid-month to June
.

HDPE prices in Russia have seen a dynamic increase in the first four months of 2021, following similar price increases in the European and Turkish markets
.

Weak demand and oversupply are the main reasons for the downward trend in prices
.

The limited shipments of film-grade HDPE from Kazanorgsintez did not affect the balance of the domestic market as the PE supply from ZapSibNeftekhim and Stavrolen was sufficient to meet market demand
.
Imports of PE from neighboring countries have also started to grow in the past two months
.

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