The situation of Russian petrochemical industry is

  • Detail

In the next three years, the situation of Russia's petrochemical industry is still worrying.

the latest forecast report on Russia's chemical industry from 2010 to 2012 issued by the Russian Ministry of economic development points out that Russia will keep the results in the database in 2010 due to the rise of domestic natural gas prices, and the Russian petrochemical industry will continue to be depressed. The company is still in a worrying situation. On the one hand, it should strive to improve its profitability to repay huge debts. On the other hand, the rise in raw material prices, especially domestic natural gas prices, will erode the profit margins of producers

the report estimated that the total output of chemicals in Russia in 2009 was 12% lower than that in 2008, while the output of plastics and resins was 10% lower than that in 2008. At the same time, the rising price of natural gas in Russia in the next few years will have a negative impact on the production of chemical fertilizer, or plastic and methanol with too short sample processing in Russia. It is reported that the natural gas price of domestic industrial users in Russia will increase by 15% ~ 20% in 2010, 20% in 2011 and 15% in 2012. Nevertheless, by 2012, the domestic natural gas price in Russia will still be lower than the export price

the relatively low domestic natural gas price in Russia has led to excessive consumption of natural gas. Gazprom, a Russian natural gas company, has put pressure on the government to significantly increase the domestic regulated natural gas price. In October last year, the company proposed that the domestic natural gas price in Russia should be fully market-oriented from 2011 to ensure the same profits from export sales and domestic supply. To this end, Russia's major fertilizer producers, including acron and eurochem, have warned that the rise in natural gas prices will weaken the competitiveness of fertilizer exports

affected by the financial crisis, most Russian chemical companies cut production in 2009 and were forced to accept lower product sales prices. Most companies have already owed huge debts. In this situation, the investment plans previously announced by many companies have been postponed. Lukoil plans to invest US $3.5 billion in the natural gas chemical complex project in southern Russia, which was originally planned to be put into operation this year. Kazanorgsintez, Russia's leading polyethylene producer, is on the verge of bankruptcy and is seeking emergency assistance from the government. Uralkali, Russia's major potash fertilizer producer, also cancelled its capacity expansion plan. During 2010-2011, the company's capacity will remain at 5.5 million tons/year. However, Sibur, a petrochemical giant controlled by Gazprom, a Russian natural gas company, is still promoting a new 500000 T/a polypropylene (PP) project, which is expected to be put into operation in 2012

professor wanghongyan, School of automobile, Tongji University, issued the certificate of executive director. Note: the reprinted contents are indicated with the source. The reprint is for the purpose of transmitting more information, and does not mean to agree with their views or confirm the authenticity of their contents

Copyright © 2011 JIN SHI