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PET imports to Russia fell by almost eight times

February 18/2015

MOSCOW (MRC) -- January imports of polyethylene terephthalate (PET) into Russia fell by 7.6 times year on year to 3,640 tonnes, according to MRC DataScope report.


Lower purchasing of PET in foreign markets was registered monthly since May 2014. After the end of the season, in September, Russian converters cut import purchasing further. The slump in imports were caused by two factors: firstly, by the increased production capacity in Russia last year (the start-up of the second line at Polief, the plant"s capacity rose by 90,000 tonnes per year); secondly, the two-fold rouble devaluation led to a substantial increase in import prices.

According to ICIS-MRC Price report, prices of Chinese and Korean PET were much higher than prices of Russian PET chips producers in the Russian domestic market, despite lower export prices of PET in Asia throughout the last year.


The largest PET supplier to Russia remained Shanghai Hengyi Polyester. Shanghai Hengyi Polyester shipped 1,500 tonnes to the Russian market.

The Lithuanian plant Neo Group is the second largest supplier in January. At the same time, Zhejiang Wankai and China Resources Chemicals" PET grades, which used to be in the top 5 import suppliers, were not imported in January.

Shipments of Indorama Polymers and Jiangsu Sanfangxiang to Russia also fell significantly in January.

mrcplast.com

Author:Margaret Volkova
Tags:PET, granulate, China Resources Chemicals, Indorama Polymers, Jiangsu Sanfangxiang, Neo Group, Shanghai Hengyi Polyester, Zhejiang Wankai, POLIEF, Russia.
Category:General News
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