MOSCOW (MRC) -- Exports of polyethylene terephthalate (PET) from Russia increased in 2014 by 38% year on year, according to MRC DataScope report.
Over 28,000 tonnes of bottle grade PET were exported from Russia during the stated period. To date, Belarus is the main consumer of Russian material. Belarusian converters accounted for about 47% of the total exports. The five largest consumers also included the United Kingdom, Poland, Ukraine and Serbia.
Higher exports have been registered since early August and were caused by the devaluation of the Russian rouble.
According to MRC data, 2011 accounted for the peak exports of Russian PET. Alco-Naphtha shipped for export more than 70% of the produced material during its first year of PET production in Kaliningrad after the launch. In 2011, exports to foreign markets totalled over 72,000 tonnes. The plant was increasing its output from 2011 to 2013, reducing export shipments and strengthening its presence in the Russian market. In 2014, despite lower production, the plant raised shipments to foreign markets.
For more information on production of Russian producers, the overall market balance and the outlook of the industry, you can see in the Annual Report "PET in Russia in 2015".
MRC
MOSCOW (MRC) -- Fujian Southeast Electrochemical is likely to restart a polyvinyl chloride (PVC) plant following maintenance turnaround, reported Apic-online.
A Polymerupdate source in China informed that the plant is likely to be restarted before February 2015. It was shut in mid-January 2015 for maintenance turnaround.
Located in Fujian province of China, the plant has a production capacity of 100,000 mt/year.
We remind that, as MRC informed previously, on 9 September 2014, Formosa Plastics Corp (FPC) shut its PVC plant in China for a one-month maintenance turnaround. Located at Ningbo in Zhejiang province of China, the plant has a production capacity of 400,000 mt/year.
Besides, on 9 October 2014, Inner Mongolia Yili shut down its PVC plant in China for a one-month turnaround. A Polymerupdate source informed that the plant was shut on October 9, 2014. It is likely to remain off-stream for around one month.
Located at Erdos in Inner Mongolia, the plant has a production capacity of 500,000 mt/year.
MRC