(MRC) -- In September PET imports to Russia declined by 40% and
made about 8,000 tonnes. It is a record minimum not only for this year
- similar small amount of granulates import was last observed in
September 2002, according to MRC
DataScope.
Imports was expected to reduce at the end
of the third quarter due to the situation in the domestic market. However,
market participants could not predict such a significant decline. Volumes
contracted from the largest Russian producers of PET performs cut
nearly by twice compared to August.
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In September, some Russian producers of PET reported a slight increase in
buying activity of some converters on the back of trade reorientation at the
domestic feedstock. However, significant products remnants and off-season kept
from boosting significant changes in the market.
While import is
falling to record lows, export of granulates has shown a record growth. In
September, exports of domestic PET increased by 6,000 tonnes and made about
16,500 tonnes, which is the maximum value of shipments to the foreign markets in
the history of PET production in Russia.
mrcplast.com
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