Russia’s Sibur posts higher petchem sales in Q3

According to a release on the company’s website, Russian petrochemical producer Sibur’s total sales revenue in Q3 reached 104.12 billion rubles ($1.6 billion) with a yearly increase of 9.4%. Petrochemical sales formed 45.6 billion rubles ($0.70 billion) of the total sales, indicating a 3.8% increase on a yearly basis. Meanwhile, the sales of energy products were up 8.2% to 50.8 billion rubles ($0.78 billion).

According to the data, the amount of petrochemical products sold in Q3 was 636,867 tons, which was up 4.6% when compared to the third quarter of 2015. The sales of plastics and organic synthesis products were also up 2.1% to 227,818 tons when compared to the same period of last year. Basic polymer sales reached 172,422 tons with an increase of 17.5% while synthetic rubbers sales rose to 106,636 tons with an increase of 6.3% on a quarterly basis. However, there was a decline of 6.1% in the sales of intermediates and other chemicals.

On a yearly basis, Sibur’s petrochemical sales were up by 8.7%, the sales of plastics and organic synthesis products were up by 3.2%, basic polymers sales increased by 16.0% and the synthetic rubbers sales were 11.4% higher. Intermediates and other chemical sales also increased by 4.9%.