Estimated PP consumption up 29% in Russia in January

PP output went up by 27% and moved at 53.86 kt. Nizhnekamskneftekhim was the one that demonstrated the most serious increase in PP production (by 39%). At the same time, Ufaorgsyntez cut down output by 34%. Lack of propylene in January was the reason of reduced utilization of PP production capacities at the enterprise.

PP exports went up by 14%. PP-homo exports (nearly 90% of overall PP exports) increased 3%. Over the course of the two recent months, PP-homo exports moved at nearly 25 kt. Weak demand in the domestic market and high prices in the foreign markets facilitated higher exports.

Polypropylene imports went up by 13%. PP-impact imports demonstrated the highest growth rates (by 36%). Major volumes of PP-impact were imported to the injection moulding sector. High imports of copolymers and weak buying activity in the Russian market resulted in oversupply in January. Demand for copolymers became stronger only at the end of February.

mrcplast.com

For more detailed information on the Russian PP market, see MRC Monthly Report.