MOSCOW (MRC) - Russia's imports of polypropylene (PP) decreased by 18% in the first eight months of this year on increased domestic production and rouble devaluation, which led to a significant growth of imports prices, according to MRC DataScope report.
PP imports in Russia were about 15,000 tonnes in August, remaining almost at the July level. Total PP imports in the country decreased to 117,600 tonnes in January - August 2014, compared with 142,800 tonnes year on year. Significant increase in the domestic production (over 20%) and the devaluation of the Russian rouble were the main reasons for the fall in imports. PP imports volumes declined for all grades of the polymer, but the largest drop occurred for homopolymer PP.
In general, PP imports over the reported period looked as follows. August imports of homopolymer PP increased to 6,600 tonnes, compared to 3,200 tonnes in July on the growing raffia supply from Turkmenistan. Total imports of homopolymer PP in Russia were 39,700 tonnes in the first eight months of this year, down 31% year on year.
August imports of PP block copolymers decreased twofold to 2,800 tonnes, compared with 4,600 tonnes in July, because of the delivery of injection moulding and extrusion grades of copolymers. Total imports of PP block copolymers decreased to 30,800 tonnes in the first eight months of 2014, compared with 38,000 tonnes year on year, with the largest reduction in demand occurred from the producers of injection moulding goods (about 28%).
August imports of PP random copolymers in Russia were 2,600 tonnes, compared with 3,600 tonnes in July because of weaker delivery of pipe copolymers grades. Total imports of PP random copolymers in Russia decreased to 21,700 tonnes in January - August, compared with 25,300 tonnes year on year. The main drop in demand occurred for injection moulding (about 32%) and extrusion grades (about 34%), while the demand for the copolymers from the producers of BOPP films increased by 11%.
Imports of other polymers of propylene over the period increased to 25,300 tonnes against 21,800 tonnes a year earlier.
MRC