Petrochina Sinopec October PE PP prices East China - Arhive
Petrochina and Sinopec raise October PE and PP prices in East China Petrochina Sinopec October PE PP prices East China
MOSCOW – China’s largest producers of polyethylene (PE) and polypropylene (PP) – PetroChina and Sinopec – on October 9 raised their prices for polymers in China’s eastern region for October shipments, ICIS reported. Petrochina Sinopec October PE PP prices East China
Thus, the selling prices of various brands of PP were increased by 150-200 yuan (CNY), respectively, due to the growth of domestic quotations in the Chinese market at the beginning of this week. Petrochina Sinopec October PE PP prices East China
And quotes for some brands of low and high pressure polyethylene (HDPE and LDPE) of PetroChina and Sinopec companies increased by CNY100-300 per ton, respectively.
According to the ICIS-MRC Price Review , in Russia last week the prices of Russian PE for deliveries in October were finally agreed on the contract market.
Rising prices amounted to 1,000-5,000 rubles. per ton depending on the type. In the segments of LDPE and HDPE, limited supply remains, but there is no rush.
And in the Russian market of PP last week the contract prices of PP for the October deliveries were finally agreed. Local processors could not avoid price increases of 1 000-4 350 rub. per ton in comparison with the level of September.
Sinopec Corp. is one of the world’s largest integrated energy and chemical companies. Business Sinopec Corp. includes oil and gas exploration, extraction and transportation of oil and gas, oil refining, petrochemical production, the production of mineral fertilizers and other chemical products. Petrochina Sinopec October PE PP prices East China
In terms of refining capacity, Sinopec Corp. ranks second in the world, in terms of ethylene capacity – fourth.
PetroChina was established in 1999 by allocating CNPC assets.
The company is engaged in the exploration, development and production of oil and natural gas, as well as the processing, transportation and distribution of oil and oil products, petrochemical products and the sale of natural gas.
CNPC owns 86% of the company’s shares. The headquarters is located in Beijing, the staff of more than 500 thousand people. Petrochina Sinopec October PE PP prices East China
mrcplast.ru
Author: Margarita Volkova