DOF market stabilizes

In April scheduled maintenance of DOF plant at Salavatnefteorgsyntez caused deficit in the Russian market and, as a result, a serious price increase. Partly, further DOF price elevation in the Russian market is caused by the suspension of production in Roshalsk plant due to technical problems. In June DOF demand in the market was going up due to consumption increase in plasticized PVC and artificial leather sectors. But despite the increase of consumption and absence of production at one of four sites, the situation in the DOF market has stabilized.

Recently prices for imported DOF reached the level RUB 92.000/mt, including VAT, FCA. To mid-June prices for Russian DOF were fluctuating in the market between RUB 73.000/mt to RUB80.000/mt, including VAT, FCA. Plasticizer imports are growing, the price is in the range of RUB 80.000 - 83.000/mt. DOF supplies from North America are expected soon.

MRC

For more detailed information about Russian DOF market please refer to MRC Annual reports.

MOSCOW (SIBUR) -- In terms of All-Russian ⌠Railroad transportations of bulk-oil cargo conference a round-table discussion about the project of a liquefied petroleum gas transfer terminal in Ust-Lug harbour took place. Representatives of Sibur, Gazprom-neft, NOVATEK, Federal Tariff Service were participating.

⌠The creation of the biggest Russian liquefied petroleum gas and light oil transfer complex is going to let us develop the service quality and increase export volumes said cancilor of SIBUR President Michail Fedorov. Construction of SIBUR terminal intended for annual transfer of up to 1,5 mln. tones of liquefied petroleum gas (LPG) and 2,5 mln. tones of light oil is going to be finished in Q4 2012.

Among the main advantages of the terminal are favorable geographic position and way to northwestern European markets, possibility of operation with large-capacity vessels and navigation in ice period. Besides that, isothermal LPG storehouse.

Cooling of liquefied gas will let to transport with large parties as shipload of gas carrier-refrigerator for cooled LPG is comparable with shipload of 10 usual forcing type gas carriers.

MRC
MRC Reference

Sibur Holding is the largest Russian petrochemical group.

Shareholders:
Gazprombank (70% minus 1 share);
Gazfond (25% plus 1 share);
5% reserved for option program.

LONDON (ICIS news) -- Indorama's polyethylene terephthalate (PET) and upstream purified terephthalic acid (PTA) plants in the Netherlands are running following a planned maintenance shutdown, while Novapet will start a shutdown in Spain on 24 June, company sources said on Wednesday.

The 200,000 tonne/year PET and 350,000 tonne/year PTA plants in Rotterdam went down as planned on 10 June.

The Novapet source confirmed that the 130,000 tonne/year line at its Spanish PET plant in Barbastro, Huesca, would be shutting down on Thursday for approximately five weeks.

MRC

MUNICH (KraussMaffei) -- The new Energy Analysis Tool enables processors to monitor the power consumption of their KraussMaffei injection molding machine without a time lag. The specific energy demand for various machine functions is displayed online on the operator panel. This information is essential for determining the optimal operating points with regard to energy consumption.

In production processes where materials undergo a change of state, for example, during plasticizing, substantial energy losses are often considered inevitable. Today, the preferred approach is to reexamine the processes and their energy consumption, because in many cases it will be possible to make savings. This approach requires precise and detailed energy consumption data for the machine and any peripheral equipment.

MRC

SUGAR LAND (MarketWatch) -- Construction has begun on a $175 million expansion of the E.I. DuPont de Nemours & Company (DuPont) (Wilmington, Delaware) plant in Circleville, Ohio, that includes the installation of a Tedlar film line, which will increase the production capacity of solar-panel films. KBR Incorporated (Houston, Texas) was selected to provide consulting services for the new line.

MRC