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In November the Russian market of DOP is expected to be saturated

November 03/2011

(MRC) -- The resumption of DOP plasticizers production at Gazprom neftechem Salavat along with imports will allow to saturate the Russian market. This week the price correction has already started at the DOP market, according to ICIS-MRC price report.

In October, the limited supplies of DOP plasticizers to the Russian market, coupled with the rouble devaluation were the main reason for the price hike. The domestic prices were in the range of rouble (Rb) 74,000-78,000/tonne, VAT, FCA. By early November, the situation in the Russian market of DOP plasticizer had begun to stabilize.

By the beginning of the month, Gazprom neftechem Salavat had resumed the production of DOP after a scheduled turnaround. Sufficient volumes of imported material also have appeared in the market. As a result, prices began to decline. The Russian DOP in November was offered on average for Rb72,000-75,000/tonne, VAT, FCA. The offers for the supplies of the Ukrainian plasticizer are in the range of Rb78,000-79,000/tonne, VAT, CPT.

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