The Ukrainian company Karpatneftekhim (Kalush, Ivano-Frankivsk region) raised the prices of suspension polyvinyl chloride (PVC-S) and low-pressure polyethylene (HDPE) for July deliveries to the domestic market at USD70-80 per ton under pressure from the growth of raw materials, according to a price review ICIS-MRC.
According to the company’s customers, PVC-S for July deliveries rose by an average of USD75-80 per tonne compared with the level a month earlier. IPA has risen in price by USD70 dollars per tonne compared with the level in mid-June.
Demand for polyvinyl chloride and low-pressure polyethylene from the domestic market has grown significantly in the past two months. Both the seasonal factor and the introduction of an import duty on polymers in the amount of 18% in June played a role in increasing demand.
Karpatneftekhim is one of the largest enterprises in the petrochemical complex of Ukraine. Currently, the company is capable of annually producing 300 thousand tons of polyvinyl chloride, 200 thousand tons of caustic soda, about 180 thousand tons of chlorine, as well as 250 thousand tons of ethylene and 100 thousand tons of polyethylene.