Polyolefin Polypropylene 2017 Conference analyses the Russian polyolefin markets
Russia - The recent Creon conference sums up the situation in Rusia, with specialists from the Russian chemical processing industry having unanimously stated a general plummeting of production.
Polyolefin producers and recyclers, along with distributors and customs officers, attended the recently held conferennce/exhibition Polyethylene Polypropylene 2017 in Moscow. Discussions on price policies drew the most attention from the attendees. They came to the conclusion that all processors note a plummeting in the production of pipes, tapes and moulding items. In contrast, material suppliers claimed growth and development perspectives.
The difference in the two areas, as reported are: producers claimed that high material prices resulted into the current stagnation, while suppliers argued vehemently the reasons for the high-price claim. A poll was thus conducted at the meeting to reveal that the main reason was the absence of financial opportunities within the population.
Mikhail Katsevman, development department director of the Research and Production Enterprise Polyplastic, presented his report summing up the polyolefin market in Russia. According to the expert, over the last year, 250 thousand tonnes, which amounts to 10% from the amount of polyethylene and polypropylene, have been undergoing a major switch from being imported to the use of domestic materials instead. This he added was, to some extent, expedited because of the high exchange rate experienced over that period. Although, the trend is suffering a downfall, Polyplastic's composite division will continue to increase supplies, to overcome this crisis and stay competitive with European companies in the aspect of capacities, Katsevman noted.