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Russias chemical sector to remain stable over the next 1218 months

December 21/2011

(ICIS) -- Russias chemical sector will remain stable over the next 12-18 months as strong demand from Asia and Latin America offsets a slowdown in Europe, ratings agency Moodys said on Wednesday. "While we expect demand from Europe to slow due to ongoing economic uncertainty, demand in Asia - particularly China and India - and Latin America remains robust," said senior analyst Julia Pribytkova.

Russian chemical producers will also benefit from planned increases in polymer production, supported by strong growth in Russia"s retail and construction sectors, the ratings agency said.

Demand for fertilizers will remain strong, with support from emerging and domestic markets outweighing slowing demand in Europe.

There are risks in this sector, however, from cheap North American feedstocks, increasing production of nitrogen-based fertilizers in the Middle East and a rise in Chinese domestic production, Moodys said in its special comment report.

Author:Marina Ivanova
Category:General News
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