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

 Last Update: 2023-01-19
 Source: Internet
 Author: User

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Spot prices for Russian LDPE declined in December due to weak demand and excess supply, according to the MRC price report
.

The price of HDPE also fell sharply
.

The first cut in PE grade prices is in 2021
.

In the case of LDPE, the price of 108-grade PE has dropped to 154,000-156,000 rubles/t ($2,104-2,131/t) CPT Moscow including tax
.
The price of 158 LDPE offered by some suppliers is also at this level
.

After Russian producers ended their overhauls in mid-October, the market became oversupplied and LDPE began to fall in December
.

Demand in the spot market is also reduced by high prices and will continue
.

The demand for LDPE by many medium and large processors has been met in annual contracts and no longer needs to be purchased in the spot market
.

Smaller processors have problems with working capital and demand for finished products has weakened
.

The price of film-grade HDPE has also started to fall after several months of increases
.

By mid-December, spot prices had fallen to Rs 148,000 to Rs 150,000/t, including tax
.

Film grade HDPE is the most price-sensitive PE grade
.

In other PE consumption links, there is also a slight surplus, but this factor is not so critical
.

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