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MOSCOW (MRC) -- Earthquakes in Japan may result in deficit of paraxylene in
the region and affect the world balance, according to MRC analysts.
Japan is one of the biggest Asian exporter of paraxylene, main material
for terephtalic acid (TPA) and PET. Over 2010 Japan has produced about 3.2
mln of paraxylene, 700 KT out of which were consumed within the country and
about 2.5 mln were exported.
Capacity of the Russian market of PET makes about 600 KTa. Capacities of
the enterprises (Sibur-PETF, Senegh, Polief) allow to cover about half of
total consumption. About 300 KTa fall at imports from South Korea, China,
Belorussia and some other countries. Traditional for the Russian market
suppliers have already declared the decrease of PET production in connection
with paraxylene deficit.
Over a week export quotations for PET in Asia have grown, on average, by
USD 100/mt and exceeded the level of USD 1.950/mt, FOB. Next week further growth
of granulate prices is expected.
mrcplast.com
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