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PET consumption in Russia to decrease by the year end

December 15/2011

MOSCOW (MRC) -- By the year end, the calculated consumption of PET granulate in the Russian domestic market continues to decline. In November, this figure fell by 23% compared with the previous month and made about 24 thousand tonnes, according to MRC analysts.

The peak of consumption was in March and made 72.6 thousand tonnes, and then it had gradually been decreasing during the year. This trend resulted from falling sales in the sectors of final consumption, which prevented converters from getting rid of accumulated inventories.

In November, production volumes significantly reduced. Following the months resultes, domestic producers of PET made 25.6 thousand tonnes of granulated polyethyleneterephthalate, which was 4 thousand tonnes less than October output. In general, this was equivalent to 60% of the total loading capacity of domestic plants for the production of granulate.

PET consumption in Russia to decrease by the year end

The fall of the total production resulted from the suspension for a scheduled turnaround of Senezh and Polief.

In November, due to the continuing maintenance works, Senezh stood idle for about 20 days, Polief - about 10 days. During the turnaround PET granules were not produced at these enterprises.

The imports were lowering too. In November, the Russian domestic market imported about 6 thousand tons of PET, against 6.7 thousand tonnes in the previous month. At the same time, export shipments of PET increased by 2.5 thousand tonnes in comparison with October and made 7.7 thousand tonnes.

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