MOSCOW (MRC) -- The overall imports of polyethylene (PE) into the Republic of Belarus decreased in January 2015 by 14.3% and totalled 5,800 tonnes. Imports of high density polyethylene (HDPE) fell almost by half, reported MRC analysts.
According to the National Bureau of Statistics of Belarus, January PE imports to Belarus were 5,800 tonnes versus 6,700 tonnes in January 2014 and 10,400 tonnes in December 2014. Such a slump in PE imports was caused by both weaker demand and restrictions on the foreign currency purchasing, which were introduced in December to stabilize the exchange rate of the Belarusian rubel. HDPE accounted for the main fall in imports, whereas shipments of linear low density polyethylene (LLDPE) and low density polyethylene (LDPE) increased.
The structure of PE imports to Belarus by grades looks the following way over the stated period.
The overall January imports of LDPE and LLDPE to the local market rose to 4,200 tonnes versus 3,300 tonnes in January 2014 and 5,800 tonnes in December 2014. The producer from Saudi Arabia with imports of 3,200 tonnes over the said period was the key supplier in this segment.
Imports of high density polyethylene (HDPE) fell to 1,600 tonnes in January versus 3,400 tonnes in January 2014 and 4,700 tonnes in December 2014. Russian producers with imports of about 700 tonnes and producers from Saudi Arabia with imports of just over 360 tonnes were the key HDPE suppliers to the domestic market over the stated period.
MRC