DuPont reports positive Q2 2010 results

(DuPont) -- DuPont reported second quarter 2010 earnings per share (EPS) and increased 2010 guidance, reflecting improving volumes in all segments and all regions.


DuPont's second-quarter 2010 reported earnings per share were $1.26, compared to $.46 in second quarter 2009. Sales were $8.6 billion, up 26% versus 2009. This reflects 21% higher volume, 5% higher local selling prices, a 1% benefit from currency, and a 1% reduction from portfolio changes. Emerging markets sales increased 32%.

MRC

INEOS new quarter report positive again

(INEOS) -- INEOS reports the Historical Cost EBITDA for the second quarter of 2010 was ┬478 million, compared to ┬352 million for Q2, 2009 and ┬494 million for Q1, 2010. Refining inventory holding losses amounted to ┬18 million in the quarter, reflecting the movement in crude oil prices over the period. Combined Replacement Cost EBITDA for Refining and Historical Cost EBITDA for Chemicals was ┬496 million for the quarter, compared to ┬239 million for Q2, 2009 and ┬474 million for Q1, 2010. YTD June 2010 was ┬970 million compared to ┬392 million for the same period last year.

MRCMRC Reference

Ineos is a petrochemical group.
In Russia Ineos's interests are represented by Ineos Polyolefins and IneosChlorVinyls.

The share in the Russian market in 2008:
PVC - 4.5%;

polyethylene - 1.9%
(HDPE - 2.8%, LDPE - 1.2%);
polypropylene - 1.4%
(PP-random - 22.1%, PP-impact - 2.0%);
polystyrene - 0.9%.

Imports by polymers processing technologies:
profile extrusion;
pipe extrusion;
film extrusion;
injection molding.

PVC supply structure to change seriously in Russia in 2011

MOSCOW (MRC) -- After the launch of PVC-S production capacities in Kalush in 2011 the structure of resin supply is going to change seriously in the Russian market - according to MRC "PVC in Russia - 2010" Annual report.

Depending on a strategy of Kalush PVC sales, working models of all current market leaders including UTC, Sayanskhimplast and Chinese resin importers will change. If LUKOIL switches to contracts with the largest converters, Russian PVC producers will be forced to increase the share of spot sales. Then PVC-S supply from Sayansk and possibly from Volgograd might become the most vulnerable.

According to Sergey Karaichentsev, MRC Analytics Director, "domestic producers aren't interested in exporting their resin as exports mean only losses today. The Turkish spot market is on average USD 150/mt cheaper than the Russian one. The Indian market is controlled by Asian companies (firstl of all, LG Chem). Exports of Sayanskkhimplast's PVC to China as it was in 2001 are no more possible today: Chinese acetylene-based PVC-S is cheaper than Russian resin. Contrariwise, Russian PVC producers might be forced to ask the Government to implement restrictions against imports from non-CIS states".

MRC

More detailed analysis of PVC processing capacities and consumption by sectors, markets, types of finished goods and converters is available in MRC "PVC in Russia - 2010" Annual report.

Future head of TNK-BP denied rumors about company's sale

(Vedomosti) -- BP might sell half of its share in TNK-BP, joint-venture operating in Russia and Ukraine. Gazprom and Rosneft are the most probable buyers, but there is a possibility that company's assets in Vietnam, Argentina and Pakistan will be sold as well.

Deputy head of TNK-BP Maxim Barskiy denied rumors about possible sale of BP share in the JV. ⌠As far as I know, no negotiations about sale are going, and they don't intend to sell their share, - said Barskiy who is going to take over the seat of company's head on January 1, 2011, as per Reuters. However, the question about the sale of a part of BP's share in TNK-BP was on the agenda of yesterday's BP Board meeting.



MRC

Plasticizer prices grow in Europe

LONDON (ICIS news) -- European plasticiser buyers hoping for a summer respite to high prices and prevailing market tightness are now bracing for the opposite.


After last week's force majeure declaration from BASF, market supply is set to contract even further, and all varieties of plasticiser are likely to get more expensive.

Dioctyl phthalate (DOP), di-isononyl phthalate (DINP) and other plasticisers are primarily to make polyvinyl chloride (PVC) soft and flexible for end uses ranging from pipes and cables to flooring, medical devices and toys.

MRCMRC Reference

BASF. The share in the Russian market in 2008:
PS - 9.1% (GPPS - 5.9%, ABS - 11.4%, EPS - 10.6%).

Annual sales growth in Russia over the 5 years:
PS - 15%.

Imports by polymers processing technologies:
foaming;
injection molding