MOSCOW (MRC) -- Export sales of Chinese polyethylene terephthalate (PET) to foreign markets increased by 540 thousand tons in 2013, up 43% from the level in 2012, according to MRC analysts.
Total exports of PET chips from China was about 1.78 mln tonnes in 2013. Chinese producers increased PET exports on the back of growing production capacities in China.
China increased PET deliveries to Africa, the Middle East and Asia. At the present China is the largest exporter of PET in the world.
As reported previously, despite the decline in imports of PET in Kazakhstan (down 2%), Russia (down 7%), Ukraine (down 3.5%), imports of Chinese PET into these countries grew. Imports of Chinese PET to Kazakhstan increased by 3 tonnes to about 37,000 tonnes in 2013. Imports of Chinese PET to Russia grew by 21,000 tonnes to 94,000 tonnes in 2013. Imports of Chinese PET into Ukraine increased by 21,700 tonnes to 111,000 tonnes in 2013.
More detailed statistics on a monthly balance of the market, PET consumption in Russia can be found in the MRC
ScanPlast.
MRC
MOSCOW (MRC) -- Capacity of the Ukrainian market of polystyrene (PS) and styrene plastics fell by 12% in 2013 and totalled 70,400 tonnes, according to MRC ScanPlast.
Reduced consumption was registered in all grades of styrene-based polymers. Thus, capacity of the high impact polystyrene (HIPS) and general purpose polystyrene (GPPS) markets dropped by 2% in Ukraine to 31,700 tonnes.
Capacity of the expandable polystyrene (EPS) market fell by 15% and totalled about 30,000 tonnes in 2013. A significant decline in demand was registered in the acrylonitrile-butadiene-styrene (ABS) market. Ukrainian companies produced about 3,500 tonnes of ABS in 2013, while reducing their purchasing in the foreign markets by 14%.
Reduced estimated consumption was caused by the fall in total production and imports of material to the country amid a general slowdown in the processing sector in 2013. More information on the PS grades and production figures can be found in the MRC Monthly report.
MRC