MOSCOW (MRC) -- In July, PET imports to Russia considerably decreased compared to the previous month and made about 23 KT. In June, Russian companies imported about 35 KT of granulate, according to MRC DataScope.
In the second quarter, Russian companies significantly increased PET import on the back of optimistic forecasts for demand of ready-made preforms. By the end of this quarter, the total import of granulate had exceeded 100 KT.
This season, weak sales of preforms in the segments of final consumption, such as beer and soft drinks, have not met the expectations of market players. This led to a serious feedstock increase, both the polymer and the finished product. As a result, in July PET imports decreased.
Decline in supplies of imported PET is a positive factor for the Russian producers. However, according to some market players, the granulate sales are not expected to grow because of the big amount of feedstock and ready-made preforms in the Russian warehouses of producers.