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NKNK expects an increase in rubber sales and a decrease in plastics sales this year

September 24/2021

MOSCOW (MRC) - Nizhnekamskneftekhim (NKNKH, part of TAIF Group) expects an increase in rubber sales and a decrease in sales of plasticscompared to last year, Realnoe Vremya said.

NKNKh expects sales of rubbers in the amount of 686,000 tonnes this year, which will exceed the figure for 2020 by 16.7%. Including in 2021 the company expects to sell 258,000 tonnes of synthetic rubbers (an increase of 31.6%), 211,000 tonnes of butadiene rubbers (an increase of 17.9%), 216,000 tonnes of butyl and halobutyl rubbers ( an increase of 1.4%).

Plastics sales are forecast to decline by 3% - to 714,000 tonnes, including due to a decrease in polypropylene sales by 8.7%, to 188,000 tonnes, against the background of a high base last year. The company notes that the growth in the volume of commercial polypropylene in 2020 occurred due to a decrease in its internal consumption by the plant for commercial packaging.

Sales of other plastics, according to the forecast, will decrease slightly in 2021: polyethylene - to 219,000 tonnes  (0.9%), polystyrene and ABS plastics - to 308,000 tonnes (0.3%).

The company expects that this year NKNK's revenue will be generated by 37% from the sale of rubbers, 36% from plastics, and 27% from other petrochemicals. According to the company, the share of NKNK in the global synthetic rubbers market is 36.5%, butyl rubbers - 11.2%, butadiene rubbers - 4.4%.

As per ICIS-MRC Price report, Nizhnekamskneftekhim (NKNKh, part of TAIF Group) shut its polyethylene (PE) production capacities for a scheduled turnaround on 17 September. According to the producer"s clients, producer started the scheduled shutdown of linear low density polyethylene (LLDPE) on 17 September. The shutdown will be short and will last for about 10 days. As it was reported earlier, Nizhnekamskneftekhim shut its ethylene production for scheduled turnaround from 14 September to 16 September.

Nizhnekamskneftekhim is one of the largest petrochemical companies in Eastern Europe, occupying a leading position among domestic producers of synthetic rubbers, plastics and ethylene. Part of the TAIF group of companies, Tatarstan. The nomenclature of manufactured products includes more than 120 items. The products of the joint-stock company are exported to 50 countries in Europe, America and Southeast Asia. The share of exports in the total volume of production is about 50%.
Author:Anna Larionova
Tags:PP, PS, PE, natural rubber, synthetic rubbers, Nizhnekamskneftekhim.
Category:General News
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