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Imports of injection moulding of PET into Russia tripled in September

October 15/2019

MOSCOW (MRC) - Imports of injection moulded PET chips to the Russian market in September decreased by 70% compared to September 2018 and amounted to 5,000 tonnes (excluding supplies from Belarus), according to MRC DataScope.

Imports reached 8,910 tonnes in September of this year, up 44% year on year. Nevertheless, the total volume of imports of bottle grade PET grew by 10% to 111,000 tonnes in January-September of this year against 101,000 tonnes in the same period last year.

Every year, demand for injection moulding PET chips has been falling since September. Some producers shut their capacities for maintenances at this time. The price of the material also falls during this period.

Earlier it was reported that the Senege New Polymers Plant  stopped the production of polyethylene terephthalate (PET) for scheduled maintenance works on 1 October. According to a source in the company, the shutdown will take about a month. The exact date of the completion of the turnaround was not reported.

Senege cut the spot prices to the level of Rb87,000-89,000/tonne CPT Moscow, including VAT last week.
Author:Anna Larionova
Tags:PET-granulate, PET bottles, PET films, PET preforms, Senege.
Category:General News
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