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In August PET imports to Ukraine dropped by one third

October 04/2011

(MRC) -- In August PET granulate imports to Ukraine dropped by 8.5 KT and made nearly 18 KT. In general, the summer period proved to be quite successful for the Ukrainian converters, as the demand for preforms, on average, increased by 5%, according to MRC DataScope.

In August PET imports to Ukraine dropped by one third
By the end of the season, business activity traditionally slows down, which directly affects imports of the material. Nevertheless, following the summer results, PET consumption in the Ukrainian market slightly grew and made 56.5 KT, compared to 54 KT in 2010. With autumn coming, demand for PET bottles reduced under the pressure of a seasonal factor.

In September, a further decline in PET granulate imports is expected. Actual feedstock inventories of trade companies also reduce need in feedstock purchases in the foreign markets.

PET supplies from China and the UAE fell nearly by twice. In August, supplies from China"s Jiangsu Sanfangxiang decreased ten times down and made 500 tons. Shanghai Hengyi Polyester and Zhejiang Wankai also reduced granulate shipments to Ukraine.Their total imports made nearly 3 KT. At the same time, as per MRC analyst Igor Grischenko, South Korean producers Daewoo and Samsung Total resumed their supplies in August.
Tags:PET, Samsung Total.
Category:General News
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