In August PET production in Russia fell by 32%

MOSCOW (MRC) -- In August production of PET chips in Russia fell by 32% compared to July and made 29,700 tonnes, MRC ScanPlast informs.

Yet in July the Russian plants demonstrated record PET output. In general, in July Russia produced 42,000 tonnes of the chips. The situation changed in August. The fall of PET production was caused by the suspension of two Russian plants. These unscheduled suspensions on the back of a high demand resulted in PET deficit in the spot market.

On 6 August Senezh (Solnechnogorsk) declared a force-majeure. Because of the breakage, Senezh didn't produce chips over 20 days. Over the reported month Bashkir Polief also significantly decreased capacities utilization.

If in July overall PET capacities utilization in Russia reached 100%, in August overall capacities utilization of the industry fell to 68.5%.

In January-August Russia produced 304,000 tonnes of bottle brands of PET that equals the figures over the same period in 2012.

MRC

MOSCOW (MRC) -- In August Kazakh converters significantly reduced imports of polyvinylchloride (PVC). Total index of external supplies decreased by 36% compared to July, as MRC analysts inform.

A weak demand for the finished goods out of PVC and excessive imports over the previous months made Kazakh companies considerably reduce purchases in August. Imports of PVC reduced to 2,200 tonnes compared to 3,400 tonnes in July.

Despite a weak demand for the finished goods out of PVC, local companies significantly increased PVC imports over the two months of the summer. In June-July import supplies made 4,000 tonnes and 3,400 tonnes correspondingly compared to 2,700 tonnes and 2,900 tonnes last year. As a result, large inventories of the finished goods and feedstock made local companies in August decrease imports.

Over January-August total imports of PVC to Kazakhstan made about 18,500 tonnes compared to 16,200 tonnes over the same period in 2012.

MRC

MOSCOW (MRC) -- Ukraine plans to impose antidumping duties on imports of suspension polyvinylchloride (PVC-S) in an amount of 6.5%. The decision on this sanction may be accepted on 5 October, MRC analysts inform.

The intention to impose antidumping duties on import PVC-S from USA was announced in the project of protocol instructions to the protocol of the meting of Ukraine's prime-minister dated by 10 September 2013. The amount of the duty will make 6.5%. The final date of taking a decision is 5 October 2013.

The procedure of the antidumping investigation is at the final stage. The fact of the dumping was confirmed by the interdepartmental commission and published in Golos Ukraini.

As we informed before, imposing of antidumping duties on imports of suspension polyvinylchloride from USA is necessary for support of the largest petrochemical complex of Ukraine Karpatneftekhim (Kalush, Ivano-Frankovsk). The annual PVC capacity of the enterprise is 300,000 tonnes.

As MRC inform, in 2012 total imports of PVC-S from USA to Ukraine made about 34,500 tonnes. Over the eight months of 2013, this figure grew up to 44,100 tonnes.

MRC

MOSCOW (MRC) -- Sibur and Ufaorgsyntez announced about the growth of contract prices for polypropylene (PP), October deliveries, ICIS-MRC Price reports inform.

Sibur (managing the assets of Tomskneftekhim, Neftekhimiya, Tobolsk-Polymer) and Ufaorgsyntez announced about the price increase since 1 October. Contract prices grew up by Rb350-1,000/tonne compared to mid-September. The price growth is explained by the increased demand and limited offer of PP.

Sibur announced about the price increase for all brands of propylene homopolymer (PP-homo) by Rb1,000/tonne compared to mid-September (as of 16 September the price grew by Rb1,000/tonne).

Ufaorgsyntez announced about the PP-homo prices increase by Rb350-450/tonne (on 16 September the prices were increased by Rb550-1,000/tonne). In particular, raffia price grew by Rb350/tonne, injection-molding PP-homo - by Rb450/tonne.

As we informed before, Stavrolen announced about the increase of PP prices by Rb1,000/tonne effective since 23 September.

MRC

MOSCOW (MRC) -- Brazilian petrochemical company Braskem is participating in the bidding to acquire the polyvinyl chloride (PVC) assets of Belgium's Solvay in South America, as per BNAMericas with reference to the company's filing with Brazilian stock market regulator CMV.

Solvay Indupa operates two industrial sites, one in Bahia Blanca, Argentina, and the other in Santo Andre, in Brazil's Sao Paulo state, that produce PVC plastic and caustic soda.

MRC