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In 2012 imports of PET to Russia dropped to the lowest level over the past 10 years

January 24/2013

MOSCOW (MRC) -- In 2012, the total supplies of PET to the domestic market of Russia slashed by 120,000 tonnes year-on-year and fell to the lowest level over the past 10 years, according to MRC ScanPlast.

2012 turned out to be a rather difficult year for importers of PET to the domestic market of Russia. On an increase of the output by Russian plants, overall imports of PET by domestic companies dropped by 44% (120,000 tonnes) and made about 154,000 tonnes in 2012.

One of the reasons for the fall of purchases in foreign markets is carry-over stocks of PET granulate and the finished goods from 2011. As per some market players' estimates, the total carry-over residues of PET at the market participants' warehouses made from 30,000 to 50,000 tonnes, which resulted in decline in purchases in the first half of the previous year. Also, Russian makers of granulate had a negative impact on import sellers. Programs of Russian plants on imports replacing, increase of production volumes by domestic producers and loyal pricing policy resulted in a growth of purchases in the domestic market.

It is worth noting that unlike the trend of the previous years, last year supplies of Chinese PET prevailed over the general volumes of imports of Korean bottle grades of PET granulate. As it was reported earlier, this gap had been achieved due to the price difference of Chinese and Korean PET, which sometimes reached USD50/tonne.

For the said period, the total amount of Korean PET that arrived to the domestic market made about 61,000 tonnes, which is more than twice lower than in 2011. The volume of purchases of Chinese PET fell by 32% to almost 107,000 tonnes.

Among Asian producers, Korean KP Chemical accounted for the largest drop in sales in Russia in absolute terms. Thus, last year the sales volumes of domestic makers in Russia fell by 32,000 tonnes, which is more than twice lower than in 2011. Supplies of the Chinese company Jiangsu Sanfangxiang decreased by 47% (about 25,000 tonnes).

SK Chemicals also reported substantial losses of the market share. Thus, last year the volume of shipments of this producer to Russia fell by more than 70% (about 21,000 tonnes).

Author:Margaret Volkova
Tags:PET, granulate, PET bottles, Jiangsu Sanfangxiang, KP Chemical, SK Chemicals.
Category:General News
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