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Ministry of Economic Development extended the duty-free import of PTA to Russia until the end of 2022

September 23/2019

MOSCOW (MRC) - The validity period of the zero rate of import customs duty on terephthalic acid (PTA) to the territory of the Russian Federation has been extended until the end of 2022, the press service of the Ministry of Economic Development reports.

The ministry said that in order to develop the production of petrochemicals, it was decided to maintain the duty-free regime for importing terephthalic acid until 2022. The rate was reduced from 5% to 0% for the period from 1, January, 2016 to 31 December, 2017 inclusive, then the duty-free import was extended until the end of 2019.

The only producer of PTA in the Eurasian Economic Union is Polief, which capacity was increased in 2019 from 272,000 to 350,000 tonnes of PTA per year. The company reported that part of the additional volumes of raw materials will be shipped to the market, part will be spent on new SIBUR production facilities, primarily the production of DOTP plasticizer.

At the same time, the total consumption of the Union amounted to 500,000 tonnes in 2016. 

The main consumers of PTA are OJSC "POLIEF", OJSC "SIBUR-PET", CJSC Senege New Polymers Plant , CJSC Alco-Naphtha, OJSC Mogilevkhimvolokno.

PTA is used to produce polyethylene terephthalate, which is used in the manufacture of plastic bottles, films, packaging containers, in the textile and food industries.

According to MRC DataScope survey, over the course of eight months, Chinese bottle PET deliveries to Russia increased 34% to 95,600 tonnes.  The share of imports from China amounted to 90% compared to 85% for the same period last year.

August imports of material from China decreased by 41% to 7,600 tonnes against 12,800 tonnes in July.
The leading Chinese suppliers to the Russian market are producers Jiangsu Sanfangxiang, Yisheng, Wankai and Sinopec.


mrcplast.com
Author:Anna Larionova
Tags:PET-granulate, terephthalic acid, PET bottles, PET films, PET preforms, Russia.
Category:General News
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