April news from CIREC

Impact on Russian petrochemical producers from COVID-19

No reductions in production have been announced thus far, but the ongoing situation could result in reducing operating rates in May and June.  SIBUR has prepared a package of anti-crisis measures. It should help the company go through a period of economic downturn caused by the coronavirus epidemic and exacerbated by an unprecedented drop in oil prices.   At the start of 2020 the group had signalled investments of 126 billion roubles but will almost certainly be reduced.  In addition, the company does not exclude temporary production shutdowns at individual sites, if they go into operating losses and the netback will cease to compensate for production costs.

According to preliminary estimates, at current oil prices, SIBUR EBITDA in dollar terms may decrease by 20–25% in 2020 compared to 2019.  This is a much less significant drop than expected by oil and gas companies, but this forecast does not take into account a possible reduction in sales.  One clear objective is to bring ZapSibNeftekhim at Tobolsk, to full capacity, as this is now one of the most efficient group plants firstly due to the availability of raw materials and secondly lower logistics costs compared to, for example, the hydrocarbon business, explains a person close to the company.  The company will maintain the payment of wages from 4-30 April as usual.

In Tatarstan, Kazanorgsintez will continue production on non-working days until April 30. The company will maintain the payment of wages from 4-30 April as usual.  Employees at Kazanorgsintez engaged in a continuous technological process will be involved in the previous mode, whilst workers in other units will remain at home on self-isolation. They will enter the enterprise only if necessary.

Nizhnekamskneftekhim is following similar procedures as Kazanorgsintez and will continue its produce normally for now.  The personnel ensuring the continuity of the production process and employees located at a remote mode will continue to work in compliance with all sanitary and epidemiological requirements to prevent the spread of coronavirus infection.  For this period, for workers from 60 years of age and older, unoccupied in the process of continuously operating production, days off in self-isolation mode are extended.

For contractors, a separate entrance has been organized. In the industrial zone, the number of shuttle buses has been increased. The canteens' work schedule has also changed to eliminate crowding.  Employees of Nizhnekamskneftekhim engaged in continuous production are provided with certificates from the employer, allowing them to move freely to and from work.  The issue of introducing a three-shift work schedule instead of four is being considered. Now the main task for Nizhnekamskneftekhim is to ensure a safe, continuous production cycle for the production of high-quality products.

Russian Petrochemical Prices 2020 (roubles per ton)

   
Product Delivery terms 3 April 27 March 20 March
         
Ethylene VFD 43200-47200 43200-47200 43200-47200
Propylene FCA PFD 29000-30000 37500-41000 37500-41000
  FCA SFO 18000-19000 29000-30000 29000-30000
Benzene FCA NWFD ?.?.?. ?.?.?. ?.?.?.
  FCA PFD 5000-6000 34800-35500 34800-35500
  FCA SFO 4500-5600 37000-40500 37000-40500
Styrene FCA PFD 54000-60000 58000-66000 58000-66000
  EXW PFD 60000-65000 68 000-71000 68 000-71000
Methanol EXW PFD 17500–21000 17500–21000 17500–21000
  FCA PFD 17800–24000 17800–24000 17800–24000
  FCA SFO 17500–21000 17500–21000 17500–21000
  CPT Ural Federal District 18000–24000 18000–24000 18000–24000
N-butanol FCA PFD 61000-75300 61000-75300 61000-75300
  FCA SFO 41000-42000 48000-49000 48000-49000
  CPT CFD 61000-75300 61000-75300 61000-75300
Isobutanol FCA PFD 48000-72500 48000-72500 48000-72500
  FCA SFO ?.?.?. ?.?.?. ?.?.?.
  CPT CFD 48000-72500 48000-72500 48000-72500
Toluene FCA NWFD 54000-54600 54000-54600 53000-53600
  FCA CFD ?.?.?. ?.?.?. ?.?.?.
  FCA SFO 47000-48000 47500-48500 47500-48500
  FCA PFD ?.?.?. ?.?.?. ?.?.?.
Orthoxylene FCA CFD 56000-58000 56000-58000 55000-55500
  FCA PFD 48000-49000 52000-52400 52000-53400
  FCA NWFD 48000-49000 55020-55600 ?.?.?.
  FCA SFO 49000-49500 51000-51500 51000-51500
  CPT CFD 53000-55000 53000-55000 52000-52500
  CPT PFD 48000-49000 52000-53400 52000-53400
Phthalic anhydride FCA CFD 79000-83000 79000-83000 79000-81000
  FCA PFD 77000-78000 77000-78000 77000-78000
  CPT CFD 79000-83000 79000-83000 79000-81000
  CPT Ural Federal District 77000-78000 77000-78000 77000-78000
Pentaerythritol FCA CFD 119000-123000 119000-123000 119000-123000
Phenol EXW PFD ?.?.?.   ?.?.?.
  FCA PFD 28800-34700 64100-69200 64100-69200
  FCA SFO 29300-33200 66500-67700 66500-67700
  CPT CFD 33900-40000 69200-74500 69200-74500
Acetone FCA PFD 35500-37000 35000-40000 28000-32000
Dioctyl phthalate FCA PFD 77000-80000 77000-80000 77000-80000
MTBE FCA PFD 39000-48000 42600-55500 49000-55500
  FCA SFO 49000-53000 55000-56000 55000-56000
  FCA SFD 48000-50000 50000-51000 50000-51000
MEG FCA PFD 43000-50500 42000-48000 42000-48000
  CPT CFD 43000-50500 43000-48000 43000-48000
Monoethanolamine EXW PFD 108000 102000 102000
  FCA PFD 108000-113000 103000-110000 103000-110000
Diethanolamine EXW PFD 90000 90000 90000
  FCA PFD 93000-96000 93000-96000 93000-96000
Triethanolamine EXW PFD 90000 90000 90000
  FCA PFD 90000-95000 90000-95000 90000-95000
Neonol AF 9-6 FCA PFD 108000-110000 108000-110000 108000-110000
Neonol AF 9-10 FCA PFD 110000-112000 110000-112000 110000-112000
Neonol AF 9-12 FCA PFD 110000-112000 110000-112000 110000-112000
Heavy pyrolysis resin FCA ??? 13500-22000 22000-27000 22000-27000
 

Central Europe

Chimcomplex to adapt production for chemicals against COVID-19 posted Friday, April 17, 2020 Unipetrol-polyethylene plant completion posted Friday, April 17, 2020 Polymery Police-construction posted Friday, April 17, 2020 Polymery Police-workforce for project construction posted Friday, April 17, 2020 Grupa Azoty and COVID-19 posted Friday, April 17, 2020 Grupa Azoty Pulawy producing disinfectants based on hydrogen peroxide posted Friday, April 17, 2020 Central European petrochemical margins posted Friday, April 17, 2020 Central European petrochemical production posted Friday, April 17, 2020 PKN Orlen-Lotos posted Friday, April 17, 2020 Orlen Poludnie-propylene glycol posted Friday, April 17, 2020

Russian chemical derivatives & organic chemicals

 

Russian pharmaceutical market analysis & trade Russian chemical production, January-February 2020 posted Friday, April 17, 2020 Russian acetone production & exports, January-February 2020 posted Friday, April 17, 2020

 

Russian methanol

Metafrax Q1 2020 profits drop and dividends not being paid for 2019 posted Friday, April 17, 2020 Russian methanol production January-February 2020 posted Wednesday, April 08, 2020 Russian Methanol Exports by Destination 2019-2020 posted Friday, April 03, 2020 Russian methanol consumption by consumer 2019 posted Wednesday, April 01, 2020 Russian Methanol Exports 2013-2019 By Volume,Value & Average Price posted Wednesday, April 01, 2020

Russian polymer production

Russian polyethylene production rises 58% in first two months in 2020 to 474,100 tons posted Wednesday, April 01, 2020 Russian polypropylene rises sharply in January and February 2020 following full the start of operational activity from ZapSibNeftekhim posted Wednesday, April 01, 2020 Russian PVC production & trade, January-February 2020 posted Wednesday, April 01, 2020 Russian rubber production and market balance 2020 posted Friday, April 17, 2020 Kazakh petrochemical project at Atyrau held up by equipnent delays posted Wednesday, April 15, 2020

Aromatics

Russian PTA imports, January-February 2020 posted Friday, April 17, 2020 Russian paraxylene exports, January-February 2020 posted Friday, April 17, 2020 Russian caprolactam production, January-February 2020 posted Friday, April 17, 2020 Russian phenol market, Jan-Feb 2020 posted Friday, April 17, 2020 Russian benzene price falls posted Friday, April 17, 2020 Kazakh benzene exports redirected from Russian market   posted Wednesday, April 15, 2020

CIREC Monthly News, dated 23 March 2020 issue no 352, available for download



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