CIREC Introduction
CIREC has been operating in the field of chemical market intelligence for the chemical industries in Central Europe, Russia and Eurasia for more than 30 years. The market intelligence that we provide is determined to a large extent by regional geopoliltcs, which heavily dictate the supply-chain conditions for chemical producers and consumers.
Our website provides a wide range of data and information sources that analyses and monitors production and trade patterns, in addition to company and project analysis.
The impact of the war in Ukraine on trade in organic chemicals and petrochemicals
Until 2022 Central Europe and Russia were free to buy and sell chemicals from one another, and at least in principle there were no barriers to investment. After Russia’s invasion of Ukraine on 24 February 2022 the dynamics of trade and business orientation underwent seismic shifts. Legal barriers have been established by the European Union and other Western countries which has abruptly affected trade flows from feedstocks to petrochemicals. Feedstock imports into Central Europe still continue, but only under time limited exemptions set by the EU.
Overall sanctions have culminated in the development of completely new commercial relations in different product areas for both Central-East Europe and Russia. Whilst Central and East Europe has had to look elsewhere for products such as methanol and synthetic rubber, that it previously bought from Russia, Russian producers have to had find new buyers which has it found in China but not many other places.
It means therefore that although Central-East European countries have faced difficulties in restructuring feedstock supply, losing access to sales into the Russian market, it is Russia that has lost most of all losing access to its European markets. The increase in trade with China has replaced much of the European trade that previously existed, but this business is much less profitable and fundamentally depends on how long China wants to keep buying. Essentially if Russia wants to regain access to European markets it needs to give up its colonial ambitions and start to act as a responsible neighbour to Europe.
CIREC’s data and report services
CIREC’’s monthly report drills into the specifics of the chemical industry in Central-East Europe, Russia and its neighbouring states. This includes data presentation, market analysis and company developments. Petrochemical project updates are provided for Russia and other countries. The monthly report is available to access on the website or to receive it by email.
Online resources include the Search Engine which allows searching all content from CIREC Monthly News. The Statistical Database provides tables on a range of production and trade data which are constantly being updated. Simply click on the file of choice and download to your own system.
The above provides a brief overview of CIREC, please contact us if you have any questions or maybe interested in gaining access to our online resources.
Below please below find a summary ot services
CIREC's regional coverage
Central and South East Europe
Selected subscription reports and tools
Product areas
- Olefins
- Polyolefins
- Synthetic rubber
- PTA-PET
- Methanol and organic chemicals
- Isocyanates
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Petrochemicals
Organic Chemicals
Polymers
Regional Focus
Central Europe & South East Europe
Coverage includes:
- Production
- Market prices & dynamics
- Market Analysis
- Company performance
Russia
Coverage includes:
- Industry performance in relation to sanctions and the war in Ukraine
- Production
- Market prices & dynamics
- Market Analysis
- Company performance
Registration and Contact
If you would like to register with us please visit the registration page and if you wish to proceed further to subscription or simply contact us with your enquiry. If you wish to speak to us in person please call +441202 959770.
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