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Russian DOP rose by Rb80,500/tonne in the spot market

May 24/2013

MOSCOW (MRC) -- By late May, a price rise of feedstocks and limited supply had led to a major increase in the price of dioctyl phthalate plasticizer (DOP) in the Russian market - by as much as Rb80,500/tonne, according to MRC analysts.

Some market participants do not rule out further price increases.

In late April, Gazprom neftekhim Salavat shut its DOP plasticizer production for a turnaround. In May, the price of one of the feedstocks for DOP production - 2-ethylhexanol - increased by Rb7,000/tonne from April. All these factors have resulted in a serious increase in the price of DOP plasticizer in the Russian market.

By late May, spot prices for Russian DOP plasticizer had reached Rb79,000-80,500/tonne, including VAT and delivery. The limited supply of Russian plasticizer made some companies actively buy imported material. Deals for June shipments of Korean DOP were concluded in the range of Rb81,000-82,000/tonne, including VAT and delivery.

According to unofficial information, one of the Russian producers of alcohol DEG is planning to raise the price for June shipments by Rb7,000/tonne, which will result in an increase in DOP production costs by Rb5,000/tonne.

Many market participants are skeptical about further price increases of the plasticizer. On the one hand, after a monthly turnaround, Gazprom neftekhim Salavat is already planning first shipments of DOP next week, which should take the pressure off the market. On the other hand, the price of Russian DOP has already caught up with the price of imported alternative material, and the further growth of the Russian material will provoke a major increase in imports.
Author:Margaret Volkova
Tags:DOF, SNOS (Salavatnefteorgsyntez), Russia.
Category:General News
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