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PP market in Russia grows steadily

May 28/2010
MOSCOW (MRC) -- PP consumption in Russia steadily grows last year, and will form about 650 kt in 2010 Ц according to MRC Annual reports.
 
PP market in Russia grows steadily

In 2009 PP market in Russia has shown a desirable crisis steadiness getting a 2% development (totals 634 kt). In Q1 2010 the demand for this polymer was lower than in Q4 2009 on the level 160 kt (-3%). However, this is a seasonal factor, in total PP consumption in Russia shows stable positive trends. So, in Q1 2010 comparing with same period in 2008 the growth formed 6%. Packaging and film production sectors served as drivers of growth in 2009.

 

By year results, the production has grown by 20% to the volumes of 595 kt. Production capacities of the domestic producers are almost 100% charged last times. Supplies into the domestic market increased 4% in Q1, and exports formed about 26 kt this period. However, imports into China, Turkey, Ukraine and other countries almost totally disappeared in March and April (see mrcplast.com from May 13).

 

During year 2009  many companies invested into PP processing equipment (total investments formed about USD 86 mln. There are many projects in packaging and multilayer film (see mrcplast.com from April 16) among them. Auto and geotextile production and others are also actively developing. This defines the active PP demand provoking imports increase (see mrcplast.com from May 14), promoted by falling EURO.

 

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For more detailed event analysis and PP market development forecasts please refer to MRC Annual reports.

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