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Russian LDPE and HDPE spot prices fell for the first time in December

 Last Update: 2022-01-09
 Source: Internet
 Author: User

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According to news from the ICIS website on December 24, according to the MRC price report, the spot price of Russian low-density polyethylene (LDPE) dropped in December due to weak demand and oversupply

High-density polyethylene (HDPE) prices have also fallen sharply

The price of polyethylene (PE) began to fall at the earliest this year

For LDPE, the price of 108-grade polyethylene has dropped to 154,000 rubles to 156,000 rubles/ton (US$2,104 to US$2131/ton, freight paid to Moscow, including value-added tax)

After Russian producers turned losses into profits in mid-October, the market began to oversupply, and LDPE began to decline in December

As prices remain high, demand in the spot market has also declined, and this situation persists

Many large and medium-sized devices have already met the demand for LDPE in annual contracts and have not been purchased on the spot market

Smaller installations have working capital problems, and demand for finished products has also weakened

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Russian LDPE, HDPE spot prices fell for the first time this year in December

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Russian LDPE and HDPE spot prices fell for the first time in December

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Russian LDPE, HDPE spot prices fell for the first time this year in December