Russian exports of PP, PE plunge during Jan – July
by ChemOrbis Editorial Team - content@chemorbis.com
According to customs data from Russia, exports of PE fell 23% during the January to July 2016 period when compared to the same period last year while PP exports fell 21% over the same period. This followed a high base period after 2015 exports were bolstered by an unusually high number of plant outages in Europe last year.
Total Russian PE exports are reported at 158,457 tons during the first seven months of 2016 and total PP exports are at 191,360 tons.
Market sources note that Russia currently has a PP surplus of 200,000 tons/year and this is expected to rise in 2017 once Nizhnekamskneftekhim’s Tatarstan PP plant, with a capacity of 400,000 tons/year, comes online next year.
Total Russian PE exports are reported at 158,457 tons during the first seven months of 2016 and total PP exports are at 191,360 tons.
Market sources note that Russia currently has a PP surplus of 200,000 tons/year and this is expected to rise in 2017 once Nizhnekamskneftekhim’s Tatarstan PP plant, with a capacity of 400,000 tons/year, comes online next year.
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