Market Dynamics

January LLDPE imports in Ukraine decreased by 29%

Time: 2015-03-03 Source from: mrcplast
MOSCOW (MRC) - Imports of linear low density polyethylene (LLDPE) into Ukraine were 2,600 tonnes in January, down 29% compared with the same time a year earlier. Local producers of the films had to significantly reduce their production because on the back of weaker economy and the problems with the purchase of currency in the country, according to MRC DataScope.
 
January"s imports of LLDPE in Ukraine dropped to two-year minimum to 2,700 tonnes, compared with 3,700 tonnes in January 2014 and 6,000 tonnes in December 2014. 
 
The main decrease in demand for polyethylene occurred for the local film producers and resulted from the downturn in the economy, as well as problems with the purchase of currency for the purchase of polyethylene in foreign markets. January"s film LLDPE imports decreased to 2,500 tonnes, compared with 3,600 tonnes in January 2014, and 5,400 tonnes in December 2014. The main decrease in demand occurred for local producers of stretch films. Local producers of multilayer films for food also reduced consumption in January significantly. 
 
The total imports of linear polyethylene for other sectors of consumption exceeded 100,000 tonnes.
More