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Production of petrochemicals at 2% growth in 10 months in Iran

March 04/2020

MOSCOW (MRC) -- Production volume of chemical and petrochemical products registered a 1.9 percent growth in 10 months of the current year (from March 21 to Jan. 20), said Mehrnews.

Statistics showed that 45,885,000 tons of petrochemcials were produced from March 21, 2019 to Jan. 20, 2020, showing a 1.9 percent growth as compared to the same period of last year.

In this period, production of polystyrene recorded a 60 percent decline while production of polycarbonate and resin epoxy registered a 48.8 and 11.9 percent slump respectively.

In the meantime, production of rubber styrene butadiene, polypropylene (PP) and polyethylene (PE) recorded a 19, 9.5 and 8.7 percent increase respectively.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,093,260 tonnes in 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments rose from both domestic producers and foreign suppliers. The estimated PP consumption in the Russian market was 1,260,400 tonnes in January-December 2019, up by 4% year on year. Supply of almost all grades of propylene polymers increased, except for statistical copolymers of propylene (PP random copolymers).


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, Iran.
Category:General News
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