Polypropylene Prices in Russia Rise Amid Several Producers Preparing for Turnarounds
- 25-Aug-2021 3:22 PM
- Journalist: Rene Swann
Polypropylene (PP) experienced price rise in the Russia in the second half of August due to upcoming maintenance works by three producers which are scheduled in September-October. The scheduled maintenance by three major producers is expected to create domestic supply pressure in Russia.
The prices of PP were around Roubles (Rb) 144,000-146,000 per tonne in the beginning of August. The prices rose to a high Rb 147,000-152,000 per tonne a week later due to strong demand and reduction in supply.
The supply of PP has reduced noticeably and might continue to do so in the back of maintenance works by three producers. Stavrolen with a PP production capacity of 120,000 tonnes per year will undergo maintenance works form 13 October for 26 days.
Other two companies undergoing maintenance are Polifom with a production capacity of 230,000 tonnes per year and Ufaorgsintez operating at a production capacity of 140,000 tonnes per year scheduled to do maintenance works in September.
Polypropylene is a thermoplastic polymer which is used in a variety of applications. Polypropylene has resistance against chemicals, thermal resistance etc. which is why it is used in packaging, automotive, building and construction, healthcare, and electronics. The global Polypropylene demand stood at around 90 million tonnes in 2020 and is expected to grow at a healthy rate of 5.6% in the coming years.