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Russian Premier resolves ethylene conflict in Bashkortostan

September 16/2010

(plastemart) -- Russian petrochemical companies Salavatnefteorgsintez and Kaustik will have to resolve their dispute over ethylene prices within two months, Russian Government Head V. V. Putin said. In the interim Kaustik will receive ethylene at 19,000-19,500 rubles (US$633-650) per ton until the price row is settled. Kaustik will be supplied 4,500 tons of ethylene per month.


Kaustik was compelled to get production to a halt last month when Salavatnefteorgsintez stopped supplying it ethylene. Kaustik accused its supplier of imposing disadvantageous terms for raw material supplies, which the supplier refuted as it was offering its products at market prices, currently 24,500 rubles per ton. Russia"s anti-monopoly watchdog has launched a probe into Salavatnefteorgsintez"s abuse of its dominant position on the ethylene market.

 

Russian polymers" market prospects will be discussed at Russian Polymers Summit on October 14, 2010 organized by ICIS and MRC. For more information please refer to http://www.polmersummit.ru/ Summit official web page.

 

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Russian Premier resolves ethylene conflict in Bashkiria

Russian Premier resolves ethylene conflict in Bashkiria

 

 

 

 

 

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