Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont Planung & Industrieanlagenbau GmbH and MT Russia LLC have been awarded by Kazanorgsintez PJSC (KOS) an EP contract (Engineering and Procurement) for the execution of a Low-Density Polyethylene (LDPE)/ Ethylene-Vinyl Acetate (EVA) plant, to be implemented inside the existing KOS facilities, located in Kazan, in the Republic of Tatarstan (Russian Federation). KOS is one of the largest producers of polyethylene in the Russian Federation, supplying its products to 36 countries worldwide. The contract signing ceremony was held in Maire Tecnimont Group’s Milan headquarters and attended by KOS General Director Farid Minigulov and Maire Tecnimont Group CEO Pierroberto Folgiero, together with several top executives of both companies.   The overall EP contract value is approximately €130 million. The contract is under a Lump Sum scheme for the Engineering and Procurement Services and under a Re...

According to the monitoring of Todudu Product Market Analysis System, the price of domestic LLDPE (7042) was RMB 8,450/mt on September 4th, and the average price was RMB 8,485/mt on September 8th. Over the same period, the asking price rose 0.42%. According to the monitoring of Rabbit Doodle Product Market Analysis System, the average price of LDPE (2426H) ex-works on September 4 was RMB 9,600/mt, and the average price on September 8 was RMB 9,670/mt. Over the same period, the asking price rose 0.73%. According to the monitoring of Rabbit Doodle Product Market Analysis System, the average price of HDPE (5000S) ex-works on September 4 was RMB 9,212 per ton, and the average price on September 8 was RMB 9,312 per ton. During the same period, the stock price rose 1.09%. Last week, the overall price of polyethylene mainly increased. On the cost side, strong oil prices had an upward effect on polyethylene prices. Last week, many equipments were temporarily offline, resulting in lower star...