Market Dynamics

Output of ethylene and benzene dropped in Russia by 12.4% and 6.7%, respectively, from January to July 2014

Time: 2014-08-26 Source from: www.mrcplast.com

Production of ethylene and benzene in Russia decreased over the first seven months of 2014 by 12.4% and 6.7%, respectively, year on year, reported MRC analysts.

 
According to the data published by the Federal State Statistics Service of the Russian Federation, the July output of ethylene and benzene by Russian petrochemical plants totalled 165,000 tonnes and 82,500 tonnes, down by 11.5% and 4.2%, respectively, from June.
 
The overall prodcution of these petrochemical products in Russia fell from January to July 2014 to 1.4 million tonnes and 660,900 tonnes, respectively, while these figures were 1.582 million tonnes and 708,300 tonnes, respectively, over the same period of 2013.
 
The main reason for the reduced output of these basic products for the production of polymers was an outage at Stavrolen (an accident at its ethylene production on 26 February, 2014) and a long-term overhaul at SIBUR-Kstovo"s ethylene production along with the expansion of the plant"s capacitites.
 
As reported earlier, according to the Federal State Statistics Service of the Russian Federation, the production figure of basic chemicals was 100.6% from January to July 2014 compared to the previous year. In July, this figure dropped to 97.3%.
More