CIREC news December 2025
Russian ethylene production Jan-Sep 2025
Russian ethylene production totalled 3.365 million tons in the first nine months in 2025 against 3.438 million tons in the same period in 2024. All regions saw lower production, apart from the Volga region.
|
Russian Ethylene Production (unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
North Caucasus Federal District
|
252.039
|
252.671
|
|
Volga Federal District
|
1635.093
|
1649.331
|
|
Ural Federal district
|
1139.078
|
1172.337
|
|
Siberian Federal District
|
338.734
|
363.390
|
|
Total
|
3364.944
|
3437.729
|
ZapSibNeftekhim at Tobolsk reduced production from 1.173 million tons in January to September last year to 1.139 million tons in January to September 2025. Production in the Volga region amounted to 1.635 million tons in January to September versus 1.649 million tons in the same period in 2024. The Volga region includes producers Nizhnekamskneftekhim, Kazanorgsintez, Gazprom neftekhim Salavat and Ufaorgsintez. Only of the Volga plants Nizhnekamskneftekhim has increased output this year.
Russian propylene production Jan-Sep 2025
Russian propylene production totalled 1.900 million tons in January to September 2025 against 1.933 million tons in January to September 2024. ZapSibNeftekhim at Tobolsk produced 718,425 tons against 748,149 tons in the same period in 2024. The Volga-Urals region increased production from a total of 709,847 tons in January to September 2024 to 715,241 tons in January to September 2025.
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Russian Propylene Production (unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
North Caucasus Federal District
|
106.839
|
103.608
|
|
Volga Federal District
|
715.241
|
709.847
|
|
Ural Federal district
|
718.425
|
748.149
|
|
Siberian Federal District
|
359.265
|
371.022
|
|
Total
|
1899.771
|
1932.626
|
Russian propylene sales Jan-Sep 2025
Russian sales of propylene on the domestic merchant market amounted to 171,330 tons in January to September against 249,094 tons in the same period in 2024. The largest propylene supplier to the domestic market was Lukoil-NNOS, shipping 124,065 tons against 95,917 tons in January to September 2024.
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Russian Propylene Domestic Sales (unit-kilo tons)
|
|
Producer
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Angarsk Polymer Plant
|
14.519
|
35.844
|
|
SIBUR-Kstovo
|
29.189
|
114.603
|
|
Lukoil-NNOS
|
124.065
|
95.917
|
|
Naftan
|
3.557
|
2.730
|
|
Total
|
171.330
|
249.094
|
SIBUR-Kstovo shipped only 29,189 tons to the domestic market in the first three quarter this year against 114,603 tons in January to September 2024. Production was disrupted by Ukrainian drone strikes on the complex in January. As a result of the attack SIBUR-Kstovo stopped production in February creating supply problems for the Russian market. SIBUR-Kstovo was struck again in early November at the same time as the Lukoil refinery at Kstovo, but no information is available yet about the impact on propylene supply from either plant.
Most merchant consumers have reduced purchases in 2025. ZapSibNeftekhim purchased 8.993 tons of propylene in January against 55,438 tons in January to September 2024, whilst Saratovorgsintez reduced purchases from 97,234 tons to 99,428 tons.
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Main Russian Propylene Buyers (unit-kilo tons)
|
|
Consumer
|
Jan-Sep 25
|
Jan-Sep 25
|
|
Saratovorgsintez
|
99.428
|
97.234
|
|
Volzhskiy Orgsintez
|
5.010
|
7.285
|
|
Akrilat
|
10.802
|
16.942
|
|
SIBUR-Khimprom
|
25.660
|
34.154
|
|
Omsk-Kaucuk
|
4.893
|
13.144
|
|
Tomskneftekhim
|
1.703
|
2.178
|
|
ZapSibNeftekhim
|
8.993
|
55.438
|
|
Moscow refinery
|
0.947
|
1.084
|
|
Ufaorgsintez
|
3.747
|
6.348
|
|
Stavrolen
|
4.296
|
0.000
|
|
Khimprom Kemerovo
|
2.337
|
3.014
|
|
Plant of Synthetic Alcohol
|
2.374
|
0.398
|
|
Total
|
171.267
|
249.090
|
Russian butadiene production Jan-Sep 2025
Russian butadiene production totalled 478,492 tons in January to September 2025 against 521,687 tons in January to September 2024. ZapSibNeftekhim at Tobolsk produced 180,477 tons against 203,670 tons in the same period in 2024. The Volga-Urals region decreased production from a total of 289,872 tons in January to September 2024 to 268,262 tons in January to September 2025.
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Russian Butadiene Production (unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Volga Federal District
|
268.262
|
289.872
|
|
Urals
|
180.477
|
203.670
|
|
Siberian Federal District
|
29.753
|
28.325
|
|
Total
|
478.492
|
521.867
|
Russian plastics production Jan-Sep 2025
Russian bulk plastics production amounted to 8.022 million tons in the first three quarters in 2025 against 8.123 million tons in January to September 2024 and against 8.013 million tons in January to September 2023.
Despite the stability in Russian polymer production, the industry faces some significant challenges focused on the stagnating domestic market Weak domestic consumption has already led to a drop in prices to multi-year lows. In 2023 and 2024 demand was aided significantly from the short-term benefits of spending in the military sector, but 2025 has given multiple indicative signs that the market has peaked.
Despite the provision of basic raw materials, Russia still has difficulties with many special grades and other low-tonnage chemical products. A significant reduction in investment in plastics processing is explained by the high base of 2023 after deferred demand, reduced demand in many segments, the low dollar exchange rate, as well as the prohibitive cost of lending due to the high key rate.
Importance of trade with China for Russian polyolefin producers
Export and import trade with China has become essential in the past few years for Russian producers of bulk polymers and numerous plastics. Exports of plastics and plastic products from China to Russia for the same period increased by 1.4%, amounting to $2.4 billion, while revenues from the supply of polyethylene decreased by 16.6% to $75.1 million. Chinese revenues from polypropylene exports to Russia decreased by 19.1% to $35.6 million, and polystyrene by 15% to $32.5 million.
Imports of polyethylene into China from Russia increased by 38.2% in the first nine months in 2025, amounting to $294.2 million, whilst polypropylene increased by one and a half times to $92.7 million.
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Price declines have been a feature of the main bulk polymers in 2025, with PVC and polystyrene witnessing the largest fall of around 11% against 2024. Prices of polyethylene and PET fell by 8% in the first three quarters, whilst polypropylene dropped by 6%.
The PVC segment also showed the strongest decline in production volumes, largely as a result of the drone attack on the RusVinyl plant at the end of January. Another factor has been the slowdown in production at the Sayanskkhimplast plant in the Irkutsk Oblast since renationalisation of the assets took place in May this year. Production at the 350,000 tpa plant dropped sharply in the third quarter, which was partly due to scheduled maintenance. It is still not clear which state based holding company will hold the assets, Roskhim is the most likely beneficiary.
The situation is exacerbated by the structural problems of the industry including a shortage of special raw materials, dependence on imports in some product areas and a shortage of engineering personnel. Additional pressure is created by the proposal of the Ministry of Natural Resources to multiply the rates of the environmental fee, which, according to industry assessments, may lead to the closure of some plants.
Environmental fees could put some plastics processors at risk
In addition to the weak situation in the Russan polymer market, the increase in environmental fee rates proposed by the Ministry of Natural Resources as part of the extended responsibility of producers may have a critical impact on their production and processing. A 5-fold increase in rates for plastics is being discussed, i.e., from 3,840 roubles to 23,820 roubles. Coupled with an increase in the recycling standard from 25% to 50%, and other factors related to waste, recovery, etc, could increase the environmental fee for manufacturers of polymer packaging significantly. Not a single industrial company in Russia will be capable of covering such costs without major price changes.
Russian ethylene polymer production production Jan-Sep 2025
Production of ethylene polymers amounted to 2.800 million tons in January to September, slightly up from the 2.691 million tons last year. The largest plant for the production of ethylene polymers is ZapSibNeftekhim at Tobolsk, located in the Ural Federal District. Production at ZapSibNeftekhim totalled 1.194 million tons in January to September this year against 1.152 million tons in the same period in 2024.
|
Russian Ethylene Polymer Production by Region
(unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Central Federal District
|
90.715
|
95.161
|
|
Northwestern Federal District
|
35.806
|
30.403
|
|
Southern Federal District
|
34.507
|
30.121
|
|
North Caucasus Federal District
|
232.004
|
232.878
|
|
Volga Federal District
|
979.447
|
845.294
|
|
Ural Federal district
|
1151.581
|
1193.675
|
|
Siberian Federal District
|
275.764
|
263.378
|
|
Far East
|
0.118
|
0.036
|
|
Total
|
2799.942
|
2690.945
|
Russian pipe market softening
The pipe market has been the main driver of Russian plastics consumption in 2023 and the first half of 2024 but in the last two quarters last year processing slowed down which has carried on into 2025. As a result, in the first nine months in 2025 polymer consumption in the manufacture of pipes amounted to 761,849 tons against 876,076 tons in the same period in 2024.
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The second largest region in Russia is the Volga Federal District where production increased from 845,294 tons last year to 979,447 tons in January to September 2025. The Volga district includes producers from Bashkortostan including Gazprom neftekhim Salavat and Ufaorgsintez, and from Nizhnekamskneftekhim and Kazanorgsintez.
ZapSibNeftekhim plant has started the production of high-density polyethylene (HDPE), which are necessary for water and gas supply systems. ZapSibNeftekhim is the only enterprise in Russia capable of producing non-ferrous grades of polyethylene required for the production of water and gas supply pipes, covering the country's market needs in this segment.
Russian polyethylene trade Jan-Sep 2025
Russian polyethylene exports to China increased from 248,501 tons in January to September 2024 to 352,283 tons in the same period in 2025, with both HDPE and LDPE showing rises. Average prices for Russian polyethylene exports to China dropped from $882.6 per ton to $835.1 per ton in 2025. Exports to China amounted to around one seventh of total Russian polyethylene production.
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Chinese Imports of Polyethylene from Russia
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
352.283
|
248.501
|
|
$ million
|
294.193
|
219.329
|
|
Av $ per ton
|
835.1
|
882.6
|
|
Chinese Exports of Polyethylene to Russia
(unit-kilo tons)
|
|
Product Category
|
Jan-Sep 25
|
Jan-Sep 24
|
|
LDPE
|
10.467
|
13.889
|
|
HDPE
|
4.025
|
9.689
|
|
LLDPE
|
16.383
|
22.560
|
|
EVA
|
8.148
|
9.753
|
|
Ethylene-hexene copolymers
|
17.716
|
20.908
|
|
LMDPE
|
3.684
|
2.051
|
|
Others
|
1.565
|
0.213
|
|
Total
|
61.988
|
79.063
|
|
Av $ per ton
|
1534.7
|
1434.8
|
|
South Korean Polyethylene Exports to Russia
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Ktons
|
46.782
|
91.252
|
|
$ million
|
57.598
|
121.892
|
|
Av $ per ton
|
1231.2
|
1335.8
|
Inward shipments of polyethylene from China into Russia dropped in the first nine months to 61,988 tons against 79,063 tons in January to September 2024. Average prices rose to $1534.7 per ton from $1434.8 in 2024. The largest volume of Chinese shipments to Russia consisted of ethylene-hexene copolymers where shipments into Russia amounted to 17,716 tons against 20,908 tons in the same period in 2024. LLDPE shipments amounted to 16,383 tons in the first nine months, and EVA shipments amounted to 8,148 tons. The new plant at Nizhnekamsk will allow the production of ethylene-hexene polymers in 2026, if not this year. The first volumes have already been produced.
Inward shipments of polyethylene from South Korea into Russia dropped in the first nine months to 46,782 tons against 91,252 tons in January to September 2024. Average prices dropped to $1335.8 per ton from $1231.2 in 2024.
Russian polypropylene production Jan-Sep 2025
Russian production of propylene polymers totalled 1.619 million tons in January to September 2025 against 1.601 million tons in January to September last year. ZapSibNeftekhim at Tobolsk reduced production from 802,852 tons to 796,187 tons in January to September 2025.
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Russian Propylene Polymers Production by Region
(unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Central Federal District
|
124.161
|
125.716
|
|
Northwestern Federal District
|
0.461
|
0.360
|
|
Southern Federal District
|
9.274
|
9.576
|
|
North Caucasus Federal District
|
108.104
|
91.257
|
|
Volga Federal District
|
329.195
|
319.223
|
|
Ural Federal District
|
796.187
|
802.852
|
|
Siberian Federal District
|
251.769
|
252.739
|
|
Total
|
1619.151
|
1601.724
|
The Moscow refinery reduced polypropylene production in the first nine months this year to 124,161 tons from 125,716 tons in the same period in 2024. The Volga region, including Nizhnekamskneftekhim and Ufaorgsintez, produced 329,195 tons against 319,223 tons. The Siberian region, which includes Tomskneftekhim and Polyom at Omsk, reduced production to 251,769 tons from 252,739 tons.
Russian polypropylene trade Jan-Sep 2025
Revenues for Russian exports of polypropylene homo grade to China increased from $51.395 million in the first nine months last year to $92.707 million in January to September 2025. Volumes increased from 60,474 tons to 111,176 tons.
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Chinese Imports of PP Homo from Russia
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
111.176
|
60.674
|
|
$ million
|
92.707
|
51.395
|
|
Av $ per ton
|
833.9
|
847.1
|
|
South Korean Exports of Propylene Copolymers
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
17.679
|
31.557
|
|
$ million
|
21.953
|
44.361
|
|
Av $ per ton
|
1241.7
|
1405.7
|
Chinese exports of propylene polymers dropped in value from $59.888 million in the first nine months last year to $47.532 million. By volume, shipments declined from 30,084 tons to 24,133 tons. Prices amounted to $1969.6 per ton in 2025, down from $1990.7 2024.
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Chinese Exports of PP to Russia
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
24.133
|
30.084
|
|
$ million
|
47.532
|
59.888
|
|
Av $ per ton
|
1969.6
|
1990.7
|
South Korean exports of propylene copolymers to Russia dropped in the first nine months to 17,679 tons against 31,557 tons in the same period in 2024. Prices for Korean propylene polymers dropped from $1405.7 per ton to $1241.7 per ton.
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Russian PVC Suspension Production by Region (unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Southern
|
56.162
|
57.185
|
|
Privolzhsky (Volga)
|
359.431
|
347.970
|
|
Siberian
|
120.478
|
175.073
|
|
Total
|
536.071
|
580.228
|
Russian PVC production and trade Jan-Sep 2025
Russian PVC suspension grade production totalled 536,071 tons in January to September 2025 against 580,228 tons in the same period in 2024. The Volga region, which includes plants at Kstovo and Sterlitamak, accounted for 359,431 tons in January to September against 347,970 tons in the same period last year. Sayanskkhimplast is the only PVC producer in Siberia, producing 120,478 tons in the first nine months against 175,073 tons in January to May 2024. The plant is supplied with ethylene from the Angarsk Polymer Plant by pipeline.
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Chinese Exports of PVC to Russia (unit-kilo tons)
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
PVC Total
|
127.891
|
93.984
|
|
PVC S
|
67.573
|
47.436
|
|
PVC E
|
60.318
|
46.548
|
Production of emulsion grade PVC in Russia fell from 19,942 tons in the first nine months last year to 18,620 tons in the same period in 2025. Production has been affected this year by ethylene shortages from the neighbouring Kstovo cracker that was inactive for over a month following a drone attack at the end of January. As the year as progressed RusVinyl has gradually caught up last year’s volumes.
Imports of PVC from China into Russia increased to a total of 127,891 tons in the first nine months in 2025 against 55,865 tons in the same period last year. Shipments of PVC suspension grade increased from 47,436 tons to 67,573 tons whilst emulsion grade rose from 46,548 tons to 60,318 tons.
Russian PX-PTA-PET production Jan-Sep 2025
Russian paraxylene production amounted to 153,066 tons in the first nine months in 2025 against 192,322 tons in the same period last year. Gazprom Neft at Omsk reduced production from 59,249 tons to 38,947 tons whilst Ufaneftekhim reduced production from 92,985 tons to 82,567 tons.
|
Russian Paraxylene Production
(unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Kirishinefteorgsintez
|
31.552
|
40.088
|
|
Ufaneftekhim
|
82.567
|
92.985
|
|
Gazprom Neft
|
38.947
|
59.249
|
|
Total
|
153.066
|
192.322
|
Both Ufaneftekhim and Gazprom Neft at Omsk underwent planned maintenance in September, reducing country production to 3,591 tons. At the start of October, the Kirishi refinery was struck by Ukrainian drones, and whilst units were forced to stop it is not clear if the damage affected the aromatics division.
|
Russian PTA Production by Region (unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Volga Federal District
|
236.665
|
243.393
|
|
Total
|
236.665
|
243.393
|
PTA production at Russia’s sole producer Polief amounted to 236,665 tons in the nine months which against 243,393 tons in January to September 2024. Polief underwent a maintenance shutdown in September, reducing production to 175 tons against 27,769 tons in August. Polief coordinated its shutdown with its main feedstock supplier Ufaneftekhim.
The Russian government has proposed amendments to the Tax Code regarding the tax deduction for paraxylene, with the aim of stimulating the development of PTA production. The government has recognised that Polief’s capacity of 376,000 tpa does not cover Russian consumption and imports from China are necessary to meet demand. However, it is unclear when new capacity will be added, with Tatneft the only company known with a plan.
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Russian PET Production by Region
(unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Central Federal District
|
158.663
|
146.873
|
|
Northwestern Federal District
|
180.099
|
166.093
|
|
Volga Federal District
|
146.103
|
163.828
|
|
Total
|
484.864
|
476.794
|
Russian PET production rose from 476,794 tons in January to September 2024 to 484,864 tons in the first nine months this year of which Polief produced 146,103 tons. Despite the PTA shutdown, Polief continued to produce PET in September.
Ekopet at Kaliningrad produced 180,099 tons of PET in January to September making it Russia’s largest producer, whilst the combined plants of Senezh and SIBUR-PETF produced 158,663 tons.
Russian PTA-PET-MEG imports Jan-Sep 2025
Russian PTA imports from China amounted to 239,012 tons in the first nine months in 2025 versus 216,845 tons in the same period in 2024. Higher PTA imports have been to support PET production against slightly lower production of PTA at Polief in the first nine months.
|
Russian PTA Imports from China
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Ktons
|
239.012
|
216.845
|
|
€ mil
|
148.139
|
164.839
|
|
Av $ per ton
|
619.798
|
760.169
|
|
Russian PET Imports from China
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
210.280
|
221.345
|
|
$ mil
|
165.633
|
165.015
|
|
Av $ per ton
|
787.7
|
745.5
|
|
Russian MEG Imports from China
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
55.374
|
54.549
|
|
€ mil
|
32.006
|
31.601
|
|
Av $ per ton
|
578.0
|
579.3
|
Chinese shipments of PET to Russia amounted to 210,280 tons in January to September this year against 221,345 tons in the first nine months in 2024. Costs of Chinese PET import shipments into Russia rose from $165.015 million to $165.633 million. Average prices increased from $745.5 per ton to $787.7 per ton.
Chinese shipments of MEG to Russia amounted to 55,374 tons in January to September this year against 54,549 tons in the first nine months in 2024. Average prices dropped slightly from $579.3 per ton to $578.7 per ton.
Russian synthetic rubber production and market Jan-Sep 2025
Synthetic rubber production in Russia amounted to 1.064 million tons in January to September 2025 against 1.032 million tons in January to September last year. The slight increase in Russian synthetic rubber production in 2025 has been driven largely through the increase in export activity to China. Exports to China accounted for 49.8% of total Russian production in the first three quarters, thus depicting how pivotal and important the Chinese market has become to Russian producers.
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Russian Synthetic Rubber Production by Region
(unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Central Federal District
|
175.938
|
217.571
|
|
Northwestern Federal District
|
1.002
|
1.332
|
|
Volga Federal District
|
799.472
|
726.959
|
|
Siberian Federal District
|
87.762
|
86.062
|
|
Total
|
1064.174
|
1031.925
|
|
Synthetic Rubber Production in Volga Region
(unit-kilo tons)
|
|
Product
|
Q1 25
|
Q2 25
|
Q3 25
|
|
Butadiene Rubber
|
51.398
|
49.566
|
49.425
|
|
Butadiene Methylstyrene Rubber
|
38.721
|
27.482
|
28.910
|
|
EPDM
|
0.649
|
1.022
|
0.324
|
|
Butyl Rubber
|
40.813
|
35.652
|
24.036
|
|
Halogenated Butyl Rubber
|
24.290
|
25.977
|
21.752
|
|
Isoprene Rubber
|
81.773
|
62.009
|
72.873
|
Production at the synthetic rubber plants in the Volga region, including Nizhnekamskneftekhim, Togliattikaucuk and Sterlitamak Petrochemical Plant, totalled 799,472 tons in the first three quarters against 726,959 tons in the same period in 2024. The Sterlitamak Petrochemical Plant was struck by drones in early November, causing a fire, but it is not yet evident if isoprene rubber production has been affected.
Omsk Kaucuk-isobutane
The Titan Group which manages Omsk Kaucuk has introduced a new device for the condensation of isobutane-isobutylene fraction. The device was delivered to the Omsk Kaucuk plant in the workshop for the production of high-octane additives and liquefied petroleum gases (VOD and LPG). The new device will be integrated into the production process by the end of this year and will replace the existing equipment on the condensation column of the isobutane-isobutylene fraction. The introduction of this technology will significantly improve the quality of the resulting isobutane and isobutylene, a raw material for the production of methyl tert-butyl ether (MTBE).
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By contrast production in the Central region dropped from 217,571 tons to 175.938 tons in January to September 2025. This was due to the drop in production at Voronezhsintezkaucuk following some damage from drone attacks earlier this year.
Synthetic rubber plants have become entangled in Russia’s war effort against Ukraine in supplying products for the military sector and thus could represent a target for more drone attacks. For the third quarter most synthetic rubber grades in the Volga region showed a decline in production, largely due to lower domestic demand.
The Siberian Federal District recorded a slight increase in synthetic rubber production in the first three quarters in 2025 to 87,762 tons against 86,062 tons in 2024. All of the production undertaken in Siberia is from Omsk Kaucuk which focuses on butadiene-based rubber grades.
Russian tyre sector Jan-Sep 2025
Consumption of rubber in Russian tyre production dropped from 256,500 tons in the first nine months last year to 244,500 tons in the same period in 2025. Domestic demand in the economy has been affected by the drop in car sales in 2025. Over the course of the current year decrease in tyre production in almost all segments has seen a steady acceleration, with the exception of agriculture.
|
Russian Tyre Production (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Car Tyres
|
178.2
|
186.4
|
|
Lorry tyres
|
18.5
|
31.3
|
|
Agricultural tyres
|
5.6
|
5.1
|
|
Others
|
42.2
|
33.7
|
|
Total
|
244.5
|
256.5
|
Aside the slowdown in the economy, the Russian tyre industry has been undergoing significant transformations in recent years against the backdrop of a global shortage of natural rubber. Other important factors include the growing popularity of electric vehicles and the strengthening of the position of Chinese brands.
Russian synthetic rubber production by category Jan-Sep 2025
Isoprene rubber production in Russia amounted to 216,705 tons in January to September 2025 against 197,034 tons in January to September 2024 whilst butadiene rubber production increased from 146,113 tons to 146,029 tons. The highest value rubber produced by HBR where production dropped from 77,858 tons in January to September last year to 72,016 tons this year of which most was exported to China. Butyl rubber production at Nizhnekamskneftekhim and Togliattikaucuk increased from 86,399 tons in the first nine months last year to 100,501 tons in 2025, with almost all production exported to China.
|
Russian Synthetic Rubber Production
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Butadiene Rubber
|
197.974
|
187.604
|
|
Isoprene Rubber
|
216.705
|
197.034
|
|
SBR SKS-SKMS
|
174.869
|
160.676
|
|
Rubber from olefins and isoolefins
|
174.263
|
168.179
|
|
NPR
|
37.808
|
34.947
|
|
EPDM
|
1.308
|
2.733
|
|
Butyl Rubber
|
100.501
|
86.399
|
|
HBR
|
72.019
|
77.858
|
|
SBR
|
95.074
|
112.282
|
|
Total
|
1071.429
|
1031.925
|
Russian Chinese rubber trade Jan-Sep 2025
Russian export revenues from synthetic rubber shipments to China totalled $817.213 million in January to September 2025 against $627.499 million in the same period in 2024.
The largest category purchased by China was for isoprene rubber with costs rising to $165.385 million against $82.415 million in the same period in 2024, followed by butadiene rubber where costs amounted to $151.052 million against $130.943 million.
|
Chinese Imports of Synthetic Rubber from Russia
($ million)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
SBRs
|
137.487
|
82.415
|
|
Butadiene Rubber
|
151.052
|
130.943
|
|
Butyl Rubber
|
141.063
|
119.076
|
|
HBR
|
91.037
|
128.943
|
|
NBR
|
41.406
|
32.387
|
|
Isoprene Rubber
|
165.385
|
82.415
|
|
Others
|
89.783
|
51.319
|
|
Total
|
817.213
|
627.499
|
| |
|
|
|
Chinese Imports of Synthetic Rubber from Russia
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
SBRs
|
96.511
|
52.282
|
|
Butadiene Rubber
|
99.614
|
86.547
|
|
Butyl Rubber
|
93.850
|
70.567
|
|
HBR
|
55.870
|
62.132
|
|
NBR
|
22.432
|
24.012
|
|
Isoprene Rubber
|
108.258
|
52.282
|
|
Others
|
54.212
|
32.436
|
|
Total
|
530.747
|
380.258
|
|
Av $ per ton
|
1539.7
|
1650.2
|
By volume Russian shipments of synthetic rubber to China amounted to 530.747 tons in the first nine months in 2025, which was up from 380,258 tons in the same period in 2024. The increase in export volumes compensated for the drop in consumption in the domestic market.
Isoprene rubber exports more than doubled from 52,282 tons to 108,258 tons whilst butadiene rubber rose from 86,547 tons to 96,511 tons and butyl rubber from 70,567 tons to 93,850 tons. Butyl rubber is produced at Nizhnekamskneftekhim and Tatneft at Togliatti. Nitrile-butadiene rubber (NBR) and halogenated butyl rubber (HBR) saw minor falls.
Nizhnekamskneftekhim is the largest exporter of synthetic rubber to China, supplying a wide range of grades. Niznekamskneftekhim is the largest producer, followed by Togliattikaucuk and the smallest producer Sterlitamak Petrochemical Combine. The Sterlitamak Petrochemical Plant wants to increase the production of neodymium polyisoprene from the current 28,000 tpa to 96,000 tpa. This increase will take place in several steps, rising to 40,000 tpa in the first stage.
Catalyst development for butadiene rubber production at Nizhnekamsk and Voronezh
SIBUR is upgrading its neodymium synthesis unit at Nizhnekamskneftekhim (NKNK) to fully meet internal demand for neodymium catalyst used in high-quality synthetic rubber production. The 28% capacity increase to 485 tpa will supply both Nizhnekamskneftekhim and Voronezhsintezkaucuk with enough catalyst for up to 250,000 tpa of polybutadiene rubber. Tests at SIBUR Polylab and industrial sites confirmed the catalyst meets industry standards and is ready for use.
Russian methanol production Jan-Sep 2025
Russia produced 2.892 million tons of methanol in January to September 2025 against 2.758 million tons in January to September 2024. Production in the Central region, which includes Shchekinoazot and Azot at Novomoskovsk, fell from 904,698 tons to 824,949 tons. The plant at Novomoskovsk operated in 2024 but has not worked in 2025 and is reported to have been dismantled. The Volga region increased production from 1.126 million tons to 1.278 million tons, whilst the Siberian region (including Gazprom Methanol and Angarsk Petrochemical) increased production from 508,796 tons to 548,618 tons.
|
Russian Methanol Production
(unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Central Federal District
|
824.949
|
904.698
|
|
Northwestern Federal District
|
79.814
|
79.597
|
|
North Caucasus Federal District
|
77.952
|
89.360
|
|
Volga Federal District
|
1278.348
|
1126.056
|
|
Ural Federal district
|
82.147
|
49.967
|
|
Siberian Federal District
|
548.618
|
508.796
|
|
Total
|
2891.828
|
2758.475
|
Azot at Nevinnomyssk produced 77,952 tons of methanol in the first nine months in 2025 against 89,360 tons in the same period this year. Similarly to Shchekinoazot some facilities at the Nevinnomyssk complex were forced to stop after a significant attack in July and August but the overall effects on production volumes for methanol and derivatives has thus far been marginal.
Russian methanol exports Jan-Sep 2025
Russian methanol exports amounted to 948,579 tons in January to September 2025 against 738,342 tons in the same period in 2024. Shchekinoazot increased exports from 284,478 tons to 333,940 tons, whilst Metafrax Chemicals increased shipments from 126,725 tons to 246,327 tons. Tomet exported 131,081 tons versus 93,418 tons in January to September 2024. Gazprom Methanol increased exports to a total of 231,535 tons from 177,887 tons in the first nine months in 2024.
|
Russian Methanol Exports by Producer
(unit-kilo tons)
|
|
Producer
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Azot Nevinnomyssk
|
5.696
|
11.638
|
|
Azot Novomoskovsk
|
0.000
|
48.035
|
|
Metafrax Chemicals
|
276.367
|
163.773
|
|
Gazprom Methanol
|
276.429
|
220.333
|
|
Tomet
|
132.839
|
100.252
|
|
Shchekinoazot
|
410.633
|
375.107
|
|
Total
|
1101.964
|
919.139
|
|
Russian Methanol Exports by Destination
(unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Azerbaijan
|
0.195
|
0.000
|
|
Belarus
|
50.513
|
74.258
|
|
Brazil.
|
144.274
|
0.000
|
|
China
|
503.894
|
503.421
|
|
Egypt
|
2.790
|
0.000
|
|
Kazakhstan
|
32.138
|
36.538
|
|
Kyrgyzstan
|
0.956
|
0.000
|
|
UAE
|
29.428
|
13.042
|
|
Turkey
|
184.391
|
111.093
|
|
Total
|
948.384
|
738.341
|
|
Russian Methanol Exports to China (unit-kilo tons)
|
|
Producer
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Metafrax Chemicals
|
175.001
|
128.915
|
|
Gazprom Methanol
|
99.319
|
220.205
|
|
Tomet
|
36.182
|
62.149
|
|
Shchekinoazot
|
274.845
|
201.764
|
|
Total
|
585.347
|
613.033
|
Prior to the full invasion of Ukraine, the geography of methanol exports was extensive, supplying to almost 30 countries. The list of countries was reduced in 2022-2023 and by 2024 had fallen to less than ten, including Turkey, China, Belarus, Kazakhstan, the United Arab Emirates. Other countries included Georgia, Kyrgyzstan and Azerbaijan. Brazil has emerged in 2025 as a new consumer. Turkey has seen shipments from Russia increased from 86,600 tons in the first nine months in 2024 to 153,397 tons in 2025. Export sales to Brazil were undertaken for the first time this year and amounted to 144,274 tons in the first nine months. Exports to China amounted to 503,894 tons in January to September 2025 against 503,421 tons in January to September last year.
Shipments to China continue to remain the most important destination for Russian methanol exports but did drop from 68% of total shipments in January to September 2024 to 53% in the same period in 2025. Moreover, these exports also remain borderline profitable for Russian producers, due to lower prices in China combined with expensive logistics and railway congestion in the eastern direction. Prices in the first nine months averaged $299.9 per ton against $283.4 in 2024.
Russian butanol production Jan-Sep 2025
Russian normal butanol production dropped fractionally from 101,675 tons in January to September 2024 to 101,219 tons in the first nine months this year. The Volga region, which includes SIBUR-Khimprom and Gazprom neftekhim Salavat, increased production from 70,839 tons to 80,315 tons. Angarsk Petrochemical Company reduced production from 19,256 tons in January to September 2024 to 12,235 tons in the same period in 2025.
|
Russian N-Butanol Production by Region (unit-kilo tons)
|
|
Region
|
Jan-Sep 25
|
Jan-Sep 24
|
|
North Caucasus Federal District
|
8.669
|
11.579
|
|
Volga Federal District
|
80.315
|
70.839
|
|
Siberian Federal District
|
12.235
|
19.256
|
|
Total
|
101.219
|
101.675
|
Russian acetic acid production Jan-Sep 2025
Russian acetic acid production amounted to 144,641 tons in January to September 2025 against 176,272 tons in the same period in 2024. The largest producer in Russia, Azot at Nevinnomyssk, reduced production from 134,226 tons to 103,543 tons. Production was affected in July by drone attacks at the complex.
|
Russian Acetic Acid Production (unit-kilo tons)
|
|
Producer
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Azot Nevinnomyssk
|
103.543
|
134.226
|
|
Volga region
|
38.071
|
35.075
|
|
Total
|
144.641
|
176.272
|
|
Russian Isopropanol Production (unit-kilo tons)
|
|
Producer
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Plant of Synthetic Alcohol
|
22.340
|
17.399
|
|
Omsk Kaucuk
|
19.278
|
33.047
|
|
Total
|
41.618
|
50.447
|
Isopropyl alcohol (isopropanol) production in Russia amounted to 41,618 tons in January to September 2025 against 50,447 tons in the same period last year. Omsk Kaucuk reduced production from 33,047 tons to 19,278 tons whilst the Plant at Synthetic Alcohol at Orsk increased production from 17,399 tons to 22,340 tons. Omsk Kaucuk is expanding its raw material base for isopropanol production, including an increase in capacity from 490 to 530 tons of cumene per day.
Russian phthalic and maleic production Jan-Sep 2025
Phthalic anhydride production in Russia totalled 65,627 tons in the first nine months in 2025 against 71,574 tons in the same period in 2024. Kamteks-Khimprom at Perm is the largest producer followed by Gazprom neftekhim Salavat. Maleic anhydride production in Russia totalled 32,120 tons in the first nine months in 2025, against 32,329 tons in the same period in 2024. Consumption of maleic anhydride in the Russian market in 2024 in amounted to 11,200 tons against 11,000 tons in the previous year.
Russian TDI imports Jan-Sep 2025
TDI imports into Russia from South Korea amounted to 13,381 tons in January to September 2025 against 23,383 tons in January to September 2024. Prices of imports from South Korea amounted to $1729.3 per ton against $1902.7 per ton in 2024.
|
South Korean Exports of TDI to Russia
|
| |
Jan-Sept 25
|
Jan-Sep 24
|
|
Kilo tons
|
13.381
|
23.383
|
|
$ million
|
23.445
|
44.491
|
|
Av Price $/ton
|
1752.2
|
1902.7
|
|
Chinese Exports of MDI to Russia
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
59.438
|
68.585
|
|
$ million
|
121.215
|
144.452
|
|
Av Price $/ton
|
2039.3
|
2106.2
|
TDI imports from China into Russia amounted to 21,401 tons in January to September 2025 against 21,184 tons in the same period in 2024. Due to much lower prices, costs of Chinese imports dropped from $55.024 million to $40.225 million in 2024.
|
Chinese Exports of TDI to Russia
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
21.401
|
21.184
|
|
$ million
|
40.225
|
55.024
|
|
Av Price $/ton
|
1879.6
|
2050.8
|
Russian MDI imports Jan-Sep 2025
MDI imports from China into Russia amounted to 59,438 tons in January to September 2025 against 68,585 tons in the same period in 2024. Prices decreased from $2106.2 per ton to $2039.3 per ton in 2025. MDI is the main isocyanate imported into Russia with China account for nearly two thirds of Russian total consumption.
|
South Korean Exports of MDI to Russia
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
9.704
|
1.474
|
|
$ million
|
18.582
|
3.410
|
|
Av Price $/ton
|
1914.8
|
2312.8
|
Chinese exports of polyols to Russia Jan-Sep 2025
Polyol imports into Russia from China fell from 96,901 tons in January to September 2024 to 81,288 tons in the first nine months in 2025. Import costs dropped from $137.235 million in the first nine months in 2024 to $104.778 million in the same period this year. Average prices for Chinese polyols into Russia dropped from $1416.2 per ton to $1287.6 in 2025.
|
Chinese Exports of Polyols to Russia
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
81.372
|
96.901
|
|
$ million
|
104.778
|
137.235
|
|
Av Price $/ton
|
1287.6
|
1416.2
|
Kazakh exports of paraxylene and imports of PET from China Jan-Sep 2025
Kazakh exports of paraxylene amounted to 60,246 tons in the first three quarters against 115,400 tons in the same period in 2024, all of which in both years were delivered to China.
|
Kazakh Exports of Benzene and Paraxylene
(unit-kilo tons)
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Benzene
|
36.182
|
21.138
|
|
Paraxylene
|
60.246
|
115.400
|
PET exports from China to Kazakhstan amounted to 80,997 tons in the first nine months in 2025 against 54,104 tons in the same period in 2024, whilst exports to Uzbekistan increased from 111,205 tons to 166,014 tons.
|
Chinese Exports of PET to Central Asia
(unit-kilo tons)
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kazakhstan
|
80.997
|
54.104
|
|
Uzbekistan
|
166.014
|
111.205
|
Uzbekistan LAB project
KazMunayGaz and Uzbekneftegaz have signed a contract for undertaking a feasibility study for a joint project for the production of linear alkylbenzene (LAB). Linear alkylbenzene is used in the production of synthetic detergents with biodegradability of at least 95%. This is the third attempt by Uzbekistan to launch the production of LAB. In 2020, Uzkimyosanoat signed a memorandum on the joint implementation of a similar project with the Turkish company Çalik Enerji Sanayi ve Ticaret A.S. Another project was planned with Honeywell UOP, which also failed to progress. This new feasibility study for this project is considering a 50,000 tpa plant, aimed mainly at the domestic market and regional export market.
Air Products MTO project in Uzbekistan
Together with Uzbekneftegaz, Air Products recently agreed to accelerate the construction of a gas chemical complex in the Bukhara region, in addition to other projects including coal gasification and the production of environmentally friendly aviation fuel. The MTO complex will process 1.3 billion cubic metres of natural gas and 430,000 tpa of naphtha, with the production of 1.1 million tpa of polymer products with the possibility of export. This project, known as "Methanol Island", will be the core of a new gas chemical complex in the Bukhara region, focused on the production of olefins from methanol. This initiative is part of the government's long-term strategy to transition from the export of raw natural gas to the production of petrochemical products with high added value.
SOCAR methanol production and exports Jan-Sep 2025
Azerbaijan produced 336,825 tons of methanol in January to September 2025 versus 373,200 tons in January to September 2024. Azerbaijan exported 336,800 tons of methanol in the first nine months against 367,100 tons in the same period last year, whilst export revenues dropped slightly from $75.2 million to $70.0 million.
|
Azerbaijan Methanol Market (unit-kilo tons)
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Production
|
336.8
|
373.2
|
|
Exports
|
336.8
|
367.1
|
|
Exports ($ mil)
|
75.0
|
75.2
|
Kazakh methanol project
The construction of a gas chemical complex for the production of 130,000 tpa of methanol in west Kazakhstan has begun, according to reports. The project which has been under review for several years appears to have seen the first physical steps towards construction. The project is being undertaken at the initiative of Zhaik Petroleum Ltd. The complex is scheduled to be commissioned and achieved full capacity in late 2027. Kazakhstan currently relies on Russia for methanol imports and the 130,000 tpa plant will amount to around double domestic consumption.
Kazakh urea project
A new gas chemical complex focused on the production of urea is planned for the Aktobe region in Kazakhstan. The project, which is being implemented by KMG PetroChem, is designed to cover the needs of the domestic market for nitrogen fertilisers in addition to strengthening the country's export potential. The proposed production capacity is expected to comprise 880,000 tpa of urea.
A new gas chemical complex focused on the production of urea is planned for construction in the Aktobe region in Kazakhstan. The project, which is being implemented by KMG PetroChem, is designed to cover the needs of the domestic market for nitrogen fertilisers in addition to strengthening the country's export potential. The proposed production capacity is expected to comprise 880,000 tpa of urea.
Kazakh polypropylene exports Jan-Sep 2025
Kazakhstan increased exports of polypropylene in the first three quarters in 2025 against 171,574 tons in the same period last year. Exports were largely divided between Russia, China and Turkey. Exports to Russia increased from 56,380 tons to 70,980 tons, whilst shipments to China dropped from 80,908 tons to 62,792 tons. This year Kazakhstan Petrochemical Industries (KPI) has increased its polypropylene sales volumes in the domestic market, bringing its share to 70% against 40% last year. Other countries of importance in Kazakh exports include Russia and Turkey. Whilst Kazakhstan now possesses a larger surplus in homo grade exports, propylene copolymers are mostly imported.
|
Kazakh Polypropylene Exports
(unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Russia
|
70.980
|
56.380
|
|
China
|
62.792
|
80.908
|
|
Turkey
|
67.357
|
18.414
|
|
Others
|
6.807
|
15.872
|
|
Total
|
207.936
|
171.574
|
Czech crude imports Jan-Sep 2025
Imports of crude into the Czech Republic rose from 4.873 million tons in the first nine months in 2024 to 4.990 million tons in the same period this year. Imports from Azerbaijan totalled 2.244 million tons against 1.923 million tons in January to September 2024, whilst shipments from Kazakhstan increased from 759,500 tons to 863,700 tons. Replacing Russian sources, imports from Norway amounted to 939,700 tons in the first nine months against zero last year whilst imports from Saudi Arabia increased from 161,800 tons to 329,600 tons. The Czech Republic is expected to start importing crude from Ukraine before the end of 2025.
|
Czech Crude Imports (million tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Azerbaijan
|
2244.4
|
1923.0
|
|
Kazakhstan
|
863.7
|
759.5
|
|
Russia
|
526.9
|
1724.6
|
|
Norway
|
939.7
|
0.0
|
|
Saudi Arabia
|
329.6
|
161.8
|
|
Others
|
85.6
|
304.1
|
|
Total
|
4989.9
|
4872.9
|
|
Av Price € per ton
|
485.3
|
588.7
|
Hungarian crude imports Jan-Sep 2025
Hungary imported a total of 3.767 million tons of crude from Russia in the first nine months in 2025 against 3.756 million tons in the same period in 2024. Crude imports into Hungary, in total, rose slightly from 3.756 million tons in the first nine months in 2024 to 3.767 million tons in the same period this year.
|
Hungarian Crude Imports (kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Croatia
|
247.3
|
0.0
|
|
Iraq
|
0.0
|
185.8
|
|
Russia
|
3,201.6
|
2,772.8
|
|
Others
|
65.9
|
423.4
|
|
Total
|
3,766.9
|
3,755.5
|
|
Av Price € per ton
|
425.6
|
452.1
|
Aside possible attacks on the Druzhba pipeline, Hungary is also facing the prospect of a total halt on the transit of Russian crude into Europe. Both Hungary and Slovakia claim that alternative supplies via the JANAF pipeline through Croatia are not sufficient to meet the demands of the refineries and that JANAF is failing to meet contractual obligations. The politics suggest that expedient reasons will be made by Hungary and Slovakia to continue buying crude from Russia, but this will forced to come to an end at some stage. JANAF has urged MOL to increase the utilisation of pipeline capacity at the operational level, as the current use of the pipeline by MOL Group is well below the contracted and usual business practices in the oil pipeline transportation business.
Polish crude imports Jan-Sep 2025
From the total of 19.081 million tons of crude imported into Poland in the first nine months this year, supplies from Saudi Arabia totalled 8.954 million tons followed by Norway which provided 5.666 million tons. Other supplies came from the US, UK, Nigeria and Guyana.
|
Polish Crude Imports (kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Saudi Arabia
|
8954.3
|
8,871.5
|
|
Guyana
|
1517.1
|
1,149.8
|
|
Nigeria
|
904.3
|
1,118.1
|
|
Norway
|
5666.4
|
6,032.1
|
|
US
|
749.2
|
1,126.4
|
|
UK
|
934.2
|
705.7
|
|
Others
|
355.4
|
261.7
|
|
Total
|
19,081
|
19,291
|
|
Av Price € per ton
|
487.5
|
573.7
|
Refinery assets South East Europe
US sanctions on Russian crude and have led to accelerated efforts from governments in South East Europe to remove Russian ownership from the refineries. Bulgaria and Serbia face the most significant challenges, insofar the respective refineries of Bourgas and Pancevo represent around 80% of each countries’ crude requirements. The Ploesti refinery in Romania accounts for around 60% of crude consumption.
Bulgaria has already seized control of the Bourgas refinery, which is owned by Lukoil, and has appointed a new manager for the plant. Lukoil is seeking a buyer for its Ploesti refinery in Romania; accordingly several buyers have shown interest. Due to the importance of the Pancevo refinery, Serbia’s government is ready to pay the Russan owners more than the market value for its stakes in NIS due to the looming US sanctions. Gazprom Neft and Gazprom together own a 56% stake in the refining group. It is not clear if HIP-Petrohemija will be included in the sale of NIS, and thus the petrochemical producer faces an uncertain future.
Polish petrochemical production Jan-Sep 2025
Ethylene production in Poland dropped from 207,400 tons in January to September last year to 186,400 tons in January to September 2025 as Orlen reduced cracker utilisation to 66% of capacity from 76%. Polish propylene production dropped slightly from 237,900 tons to 236,200 tons.
|
Polish Petrochemical Production
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Ethylene
|
186.400
|
207.400
|
|
Propylene
|
236.200
|
237.900
|
|
Butadiene
|
33.562
|
34.155
|
|
Toluene
|
8.524
|
0.020
|
|
Phenol
|
22.916
|
25.088
|
|
Polyethylene
|
177.100
|
182.500
|
|
PVC
|
91.700
|
123.900
|
|
Polypropylene
|
249.400
|
196.500
|
Butadiene production at Plock dropped marginally to 33,562 tons from 34,155 tons last year. Nearly all of the butadiene produced at Plock is consumed by Synthos. In other areas of petrochemical production phenol dropped slightly from 25,088 tons to 22,916 tons, whilst the resumption of toluene production meant that volumes rose from only 20 tons in the first nine months last year to 8,524 tons in 2025.
In the plastics sector polyethylene production in Poland amounted to 177,100 tons in January to September 2025 versus 182,500 tons in January to September 2024. By contrast, polypropylene production in Poland increased from 196,500 tons to 249,400 tons from the two plants at Plock and Police. PVC production at Wloclawek decreased from 123,900 tons to 91,700 tons.
Orlen Jan-Sep 2025
The Orlen Group's net profit for the three quarters of this year amounted to zl 8.94 billion and was higher by zl 5.82 billion. The Orlen Group’s downstream division reduced revenues from petrochemical sales in the third quarter, where together with refining products prices were lower. Compared with the same period of 2024, market prices decreased for gasoline by 18%, diesel oil by 16%, propylene by 6%, benzene by 34% and ethylene by 5%.
|
Orlen Product Revenues (€ million)
|
|
Product Group
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Monomers
|
488.2
|
590.3
|
|
Polymers
|
475.1
|
605.3
|
|
Aromatics
|
157.6
|
271.1
|
|
Fertilisers
|
223.2
|
237.3
|
|
Plastics
|
131.9
|
162.5
|
|
PTA
|
193.8
|
321.5
|
Overall petrochemicals continued to provide the group’s weakest link. Orlen’s revenues from monomer sales declined from €590.3 million in the first three quarters last year to €488.2 million, whilst polymer revenues dropped from €605.3 million to €475.1 million. PTA volume sales dropped from 423,000 tons to 306,000 tons in the first three quarters, with revenues falling from €321.5 million to €193.8 million.
|
Orlen Petrochemical Margins (€ per ton)
|
|
Product
|
Q3 24
|
Q4 24
|
Q1 25
|
Q2 25
|
Q3 25
|
|
Ethylene
|
669
|
648
|
691
|
671
|
612
|
|
Propylene
|
542
|
528
|
563
|
589
|
530
|
Revenues were further reduced by lower sales volumes of products and goods for resale, mainly petrochemical products. Operating expenses decreased by zl 13,816 million to zl 90,732 million, mainly due to a $12/bbl decline in crude oil prices. Fertiliser sales from the Orlen Group fell by 15% in the first three quarters in 2025 due to the shutdown of production units in the Czech Republic and maintenance outages at Wloclawek. PTA sales declined by 28%, PVC by 26%, polyolefins by 13% and olefins by 9%, all reflecting maintenance shutdowns of production units.
Petrochemical margins for Orlen and the European market were generally lower in the first three quarters of 2025 than in the same period in 2024. However, there has been some improvement in the polyethylene market and margins, amounting to €502 per ton in the third quarter against €485 in the same period last year. Third quarter petrochemical margins increased to €192 per ton against €145 per ton in the first quarter, but September finished at €168 per ton.
Would low margins affect Nowa Chemia project
Low margins on petrochemical sales and competition from Asia on this market would probably make the Nowa Chemia petrochemical project unprofitable in the current climate. Market cycles rarely remain the same however, and it is the prospect of an improved economic outlook and higher margins by 2029 that help to underpin Orlen’s continued investment into Nowa Chemia. This is besides the calculations that abandoning the project entirely would be more costly than continuing with modified plans.
Orlen is currently negotiating a large settlement with the contractor (a consortium of Hyundai Engineering and Tecnicas Reunidas). Then Orlen will update the budget plans and probably in the first quarter of next year. Discussions are focused both the core olefins installations (Inside Battery Limits, ISBL) and associated off-site infrastructure (OSBL), to ensure compliance with the revised project schedule. Orlen has already initiated discussions with commercial partners contracted to purchase products from the new olefins complex.
Polish propylene imports, Jan-Sep 2025
Poland imported 72,717 tons of propylene in January to September this year against 69,958 tons in the same period in 2024. In the first nine months this year Germany was the main supplier to Poland, shipping 66,529 tons against 62,833 tons in January to September 2024. Average import prices for propylene imports into Poland rose from €849.8 per ton to €934.5 in January to September 2025. Polish exports of propylene totalled 15,672 tons in the first nine months against 12,316 tons last year, almost exclusively supplied by Grupa Azoty Polyolefins from the Polimery Police plant. Production has been stopped since July. Consumption of propylene in the Polish market amounted to 293,200 tons in the first three quarters against 295,500 tons in the same period in 2024.
|
Polish Propylene Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Bulgaria
|
0.000
|
2.024
|
|
Croatia
|
2.066
|
0.000
|
|
Czech R
|
0.002
|
4.163
|
|
Germany
|
66.529
|
62.833
|
|
Hungary
|
3.103
|
0.000
|
|
Others
|
1.017
|
0.216
|
|
Total
|
72.717
|
69.958
|
|
Av price
|
934.5
|
849.8
|
Polish butadiene imports, Jan-Sep 2025
Butadiene import prices for Poland rose from €755.7 per ton on average in the nine months last year to €879.2 in January to September 2025, with import volumes rising from 72,815 tons to 75,641 tons. Synthos is the major importer of butadiene in Poland. Germany was the largest supplier in the nine months this year, shipping 27,572 tons against 18,319 tons in 2024. The increase in butadiene imports has been driven primarily by the increase in synthetic rubber production at Oswiecim.
|
Polish Butadiene Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Austria
|
26.122
|
27.283
|
|
Germany
|
27.572
|
18.319
|
|
Hungary
|
19.552
|
26.225
|
|
Others
|
3.303
|
0.044
|
|
Total
|
75.641
|
72.815
|
|
Av price
|
879.2
|
755.7
|
Hungarian propylene and butadiene imports, Jan-Sep 2025
Exports of propylene from Hungary amounted to 54,200 tons in January to September 2025 against 63,777 tons in 2024. Shipments from MOL’s plant at Tiszaujvaros to Slovnaft in Slovakia dropped from 61,722 tons to 44,375 tons. Prices averaged €917.3 per ton in the first nine months this year, down slightly against €941.9 per ton in the same period in 2024.
|
Hungarian Propylene Exports
|
|
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
54.200
|
63.777
|
|
Av € per ton
|
917.3
|
941.9
|
|
Hungarian Butadiene Exports
|
|
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
30.404
|
41.509
|
|
Av € per ton
|
705.3
|
797.3
|
Hungarian butadiene exports dropped to 30,404 tons in the first nine months in 2025 against 41,509 tons in the same period in 2024. Shipments from the MOL plant in Hungary to Poland dropped from 41,509 tons in January to September 2024 to 30,404 tons whilst exports to Germany dropped to 806 tons from 8,211 tons in the same period in 2024. Average prices for Hungarian butadiene exports dropped to €705.3 per ton versus €797.3 in 2024.
|
Czech Olefin Imports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Ethylene
|
2.257
|
3.080
|
|
Propylene
|
46.430
|
34.591
|
|
Butadiene
|
57.489
|
37.444
|
Czech olefin monomer trade, Jan-Sep 2025
Ethylene exports from the Czech Republic amounted to 11,008 tons in the first nine months this year, down from 11,637 tons in 2024 whilst propylene exports dropped from 5,393 tons to just 82 tons. Czech propylene imports amounted to 46,430 tons in January to September 2025 against 34,591 tons in January to September last year. Imports came from Germany and Poland. Shipments from Poland increased to 14,486 tons in the first nine months this year from 9,674 tons last year. Average prices for propylene imports dropped from €872.2 per ton to €859.9 per ton. Butadiene imports amounted to 57,489 tons in January to September, rising from 37,444 tons last year.
|
Czech Imports of Propylene (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Germany
|
26.980
|
24.909
|
|
Poland
|
14.486
|
9.674
|
|
Others
|
4.187
|
0.008
|
|
Total
|
46.430
|
34.591
|
|
Av € per ton
|
859.9
|
872.2
|
Central European styrene market Jan-Sep 2025
Styrene imports into Hungary totalled 42,481 tons in the first nine months in 2025 against 44,583 tons in the same period in 2024. Italy accounted for 38,566 tons of styrene imports into Hungary which was down from 39,924 tons in 2024. Prices for styrene imports into Hungary amounted to €1275.6 per ton against €1431.0 per ton in 2024.
|
Polish Styrene Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Belgium
|
28.103
|
16.464
|
|
Czech Republic
|
1.381
|
7.081
|
|
Finland
|
8.441
|
0.309
|
|
Netherlands
|
15.163
|
21.806
|
|
Germany
|
9.051
|
9.940
|
|
Saudi Arabia
|
18.177
|
7.707
|
|
US
|
2.128
|
4.262
|
|
Total
|
82.445
|
67.570
|
|
Av € per ton
|
1069.6
|
1322.2
|
|
Hungarian styrene imports (unit-kilo tons)
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
42.481
|
44.583
|
|
Av € per ton
|
1133.9
|
1431.0
|
Styrene imports into Poland totalled 62,608 tons in the period January to September 2025 against 58,611 tons in the same period in 2024. The largest supplier was Saudi Arabia which shipped 17,889 tons against 7,578 tons in the same seven months last year. Belgium reduced shipments to Poland from 15,770 tons in the nine months last year to 19,139 tons this year. Average prices for imports into Poland dropped from €1294.2 per ton in the nine months last year to €1205.0 ton this year.
|
Czech Styrene Imports
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
30.191
|
16.069
|
|
Av € per ton
|
1123.7
|
1279.9
|
Styrene imports into the Czech Republic amounted to 30,191 tons in the first nine months in 2025 against 16,069 tons in the same period last year. This year the Netherlands supplied 15,469 tons in the first nine months against 6,976 tons in January to September 2024, whilst shipments from Germany increased from 5,038 tons to 12,800 tons. Styrene is used by Synthos at Kralupy to produce different grades of synthetic rubber.
MOL petrochemical production Jan-Sep 2025
MOL increased production of ethylene to 480,000 tons at its two sites at Tiszaujvaros and Bratislava in the first three quarters in 2025 against 453,000 tons in the same period last year. Propylene at the two sites increased from 237,000 tons to 248,000 tons.
|
MOL's Olefin Production
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Ethylene
|
480
|
453
|
|
Propylene
|
248
|
237
|
|
Butadiene
|
48
|
55
|
|
Raffinate
|
76
|
106
|
HIP-Petrohemija Jan-Sep 2025
HIP Petrohemija recorded a minor loss in the three quarters in 2025, with revenues dropping 27%. Petrohemija’s production volume of petrochemical products amounted to 127,100 tons against 111,500 tons in the same period last year. Production at Pancevo includes ethylene, propylene, and benzene, in addition to polyolefins and rubber. The refining of virgin naphtha in the first nine months amounted to 269,000 tons against 280,000 tons in the same period last year. Revenues were 27% lower in the first three quarters in 2025. The company is currently facing the prospect of US sanctions on its holding company NIS due to Russian ownership.
|
HIP Petrohemija Petrochemical Production and Sales
(unit-kilo tons)
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Production
|
211.5
|
208.7
|
|
Sales
|
195.4
|
204.9
|
|
Naphtha
|
269.0
|
280.0
|
Czech polyethylene trade Jan-Sep 2025
For imports of all forms of polyethylene, Czech inward shipments amounted to 235,381 tons in January to September 2025 against 227,692 tons in January to September 2024.
|
Czech Polyethylene Imports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
LDPE
|
82.944
|
79.039
|
|
LLDPE
|
16.891
|
18.290
|
|
HDPE
|
95.443
|
89.284
|
|
EVA
|
8.778
|
8.151
|
|
Other
|
31.326
|
32.928
|
|
Total
|
235.381
|
227.692
|
|
Av € per ton
|
1466.5
|
1599.4
|
Average prices declined from €1599.4 per ton to €1466.5 per ton. Germany was the largest source of polyethylene imports, followed by the Netherlands and Belgium.
|
Czech Polyethylene Exports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
LDPE
|
27.782
|
19.721
|
|
LLDPE
|
3.268
|
2.653
|
|
HDPE
|
239.449
|
277.538
|
|
EVA
|
3.066
|
2.470
|
|
Other
|
10.856
|
17.746
|
|
Total
|
284.421
|
320.128
|
|
Av € per ton
|
1392.3
|
1291.4
|
Polyethylene exports from the Czech Republic amounted to 284,421 tons in the first nine months measured against 320,128 tons in January to September 2024. Average prices rose from €1291.4 per ton to 1392.3 per ton this year.
HDPE export shipments from Litvinov comprised 239,449 tons in the first nine months against 277,538 tons in the same period last year. Germany was the largest destination for Czech HDPE supplied from Litvinov. Other important markets for Czech polyethylene exports include Poland, Italy and Belgium.
|
Polish Polyethylene Supply/Demand Balance
(unit-kilo tons)
|
|
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Production
|
177.1
|
182.5
|
|
Exports
|
248.0
|
225.7
|
|
Imports
|
1095.6
|
1055.0
|
|
Market Balance
|
1024.7
|
1011.9
|
Polish polyethylene trade Jan-Sep 2025
|
Polish Polyethylene Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
LDPE
|
270.010
|
275.051
|
|
LLDPE
|
185.490
|
167.004
|
|
HDPE
|
350.684
|
339.271
|
|
EVA
|
15.830
|
15.233
|
|
EAO
|
238.006
|
215.966
|
|
Others
|
35.619
|
42.507
|
|
Total
|
1095.640
|
1055.032
|
|
Av € per ton
|
1239.1
|
1279.6
|
Despite the fall in polyethylene production at Plock in the nine months this year the market balance increased slightly from 1.012 million tons in January to September 2024 to 1.025 million tons in the same period this year. Export volumes were up by 22,300 tons in the first nine months in 2025, whilst imports increased by 45,600 tons.
Polish imports of polyethylene totalled 1.096 million tons in January to September 2025 against 1.055 million tons in the same period in 2024, with average prices falling from €1279.6 per ton to €1239.1 per ton. In addition to the European suppliers to Poland, Saudi Arabia and the US provided 96,238 tons and 112,264 tons respectively.
|
Polish Polyethylene Exports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
LDPE
|
45.047
|
41.065
|
|
LLDPE
|
18.238
|
12.815
|
|
HDPE
|
157.142
|
153.590
|
|
EVA
|
2.273
|
9.347
|
|
EAO
|
18.978
|
4.521
|
|
Other
|
6.366
|
4.332
|
|
Total
|
248.043
|
225.670
|
|
Av € per ton
|
1128.5
|
1105.3
|
HDPE is the largest category of imported polyethylene into Poland, amounting to 350,684 tons in January to September 2025 versus 339,271 tons in January to September 2024. Germany is the largest supplier of HDPE to the Polish market.
LLDPE imports dropped slightly from 275,051 tons in January to September last year to 270,010 tons in the corresponding period in 2025. Most of the LLDPE imports were sourced from West Europe, including France, the Netherlands and Germany. LDPE imports rose to 185,490 tons versus 167,004 tons in January to September last year. Imports from ethylene alpha olefins increased to 238,006 tons against 215,966 tons.
Polish polyethylene exports amounted to 248,043 tons in January to September this year, up from 225,670 tons in the first nine months in 2024. A total of 65,979 tons was exported to Germany in the nine months this year, representing the largest destination. Average prices for polyethylene exports from Poland increased in the nine months to €1128.5 per ton versus €1105.3 per ton. Exports of HDPE from Poland amounted to 157,142 tons in the nine months slightly up from 153,590 tons last year whilst LDPE exports rose from 41,065 tons to 45,047 tons. Exports of ethylene alpha olefins amounted to 18,978 tons.
Hungarian polyethylene trade Jan-Sep 2025
Hungarian polyethylene exports amounted to 236,534 tons in January to September this year against 226,049 tons in 2024, whilst average prices dropped from €1253.2 per ton to €11168.8 per ton. Revenues for polyethylene exports in January to September declined slightly from €295.327 million in 2024 to €279.343 million in January to September 2025.
|
Hungarian Polyethylene Exports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
LLDPE
|
31.205
|
3.443
|
|
LDPE
|
32.506
|
59.623
|
|
HDPE
|
168.156
|
163.874
|
|
Total
|
236.534
|
236,049
|
|
Av € per ton
|
1168.8
|
1253.2
|
|
Hungarian Polyethylene Imports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
LLDPE
|
17.120
|
21.968
|
|
LDPE
|
27.748
|
33.928
|
|
HDPE
|
54.271
|
74.764
|
|
EAO
|
9.626
|
8.461
|
|
EVA
|
3.943
|
3.925
|
|
Other
|
9.780
|
24.965
|
|
Total
|
126.132
|
171.911
|
|
Av € per ton
|
1529.3
|
1326.1
|
In terms of category HDPE exports amounted to 168,156 tons in the first nine months in January to September 2025 against 163,874 tons in the same period in 2024, whilst LDPE exports dropped from 59,623 tons to 32,506 tons.
Whilst LDPE exports have dropped this year Hungary has increased the exports of LLDPE from only 3,443 tons in the first nine months in 2024 to 31,205 tons. Higher production by MOL at Tiszaujvaros has also culminated in lower imports of LLDPE from 21,968 tons in January to September last year to 17,120 tons in 2025.
Imports of all grades of polyethylene into Hungary amounted to 126,132 tons in January to September this year against 171,911 tons in 2024. Hungarian import prices for polyethylene increased from €1326.1 per ton to €1529.3 in 2025. The largest category of polyethylene imports comprised HDPE, which dropped from 74,764 tons to 54,271 tons.
MOL produced a total of 376,000 tons of polyethylene in the first three quarters of 2025 at its two sites at Tiszaujvaros and Bratislava against 312,000 tons in the same period in 2024. LDPE is produced at both sites, rising to 165,000 tons in the first nine months 2025, whilst HDPE is produced solely at Tiszaujvaros increased from 196,000 tons in the first three quarters of 2024 to 211,000 tons in the first nine months in 2025.
|
MOL's Polyolefin Production
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
LDPE
|
165
|
116
|
|
HDPE
|
211
|
196
|
|
Polypropylene
|
366
|
329
|
|
PE Total
|
376
|
312
|
Sales of polyolefins by MOL amounted to 260,000 tons in the second quarter in 2025 against 246,000 tons in the first quarter and 236,000 tons in the second quarter last year. Higher production at the two sites in Hungary and Slovakia enabled an increase in polyolefin sales to 506,000 tons in the first half of 2025 against 447,000 tons in the same period in 2024 and 516,000 tons in 2023. All these numbers were well down on the 590,000 tons sold in the first half of 2021.
Polish PP Trade Jan-Sep 2025
Polypropylene consumption in Poland amounted to 628,000 tons in the nine months against 518,200 tons in the same period last year. Polish polypropylene imports, including homo grade and copolymers, amounted to 569,650 tons in the nine months against 559,460 tons last year, with prices declining from €1441.8 per ton to €1404.8 per ton.
|
Polish PP Supply/Demand Balance
(unit-kilo tons)
|
|
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Production
|
249.4
|
196.5
|
|
Exports
|
191.1
|
237.8
|
|
Imports
|
569.7
|
559.5
|
|
Market Balance
|
628.0
|
518.2
|
|
Polish Polypropylene Imports (unit-kilo tons)
|
|
Category
|
Jan-Sep 25
|
Jan-Sep 24
|
|
PP homo
|
479.029
|
451.064
|
|
Polyisobutylene
|
1.882
|
2.333
|
|
Propylene copolymers
|
236.412
|
240.492
|
|
Other
|
19.189
|
17.787
|
|
Total
|
736.511
|
711.676
|
|
Av € per ton
|
1404.8
|
1441.8
|
|
Polish Polypropylene Exports (unit-kilo tons)
|
|
Category
|
Jan-Sep 25
|
Jan-Sep 24
|
|
PP homo
|
165.913
|
222.615
|
|
Polyisobutylene
|
0.414
|
0.907
|
|
Propylene copolymers
|
62.010
|
69.539
|
|
Other
|
7.077
|
6.251
|
|
Total
|
235.414
|
299.312
|
|
Av € per ton
|
1311.9
|
1459.9
|
Homo grade polypropylene imports rose from 471,064 tons in January to September last year to 479,029 tons, whilst copolymer imports dropped from 240,492 tons to 236,412 tons. Total import costs of propylene polymers were slightly higher, amounting to €810.370 million against €803.696 million in 2024. In terms of pricing, imports into Poland usually face a higher premium than exports primarily due to the volumes of propylene copolymers than enter the country.
Exports of homo polymer grade polypropylene from Poland amounted to 136,072 tons in January to September against 174,350 tons last year. Homo polymer grades comprised the main category of Polish polypropylene exports, where Germany was the largest destination. Exports of all grades of polypropylene amounted to 234,414 tons in January to September 2025 against 299,312 tons in January to September last year. Prices of Polish exports dropped to €1311.9 per ton from €1459.9.
Hungarian polypropylene trade Jan-Sep 2025
Exports of all forms of polypropylene from Hungary amounted to 226,034 tons in January to September 2025 versus 218,457 tons in the same period in 2024, with average prices adjusting to €1275.4 per ton from €1410.0. Homo-grade PP provides the main category of Hungarian polypropylene exports, amounting to 127,287 tons in the first nine months versus 112,087 tons in 2024. The major destinations for Hungarian polypropylene exports included Poland, Italy and Romania. For imports of all forms of polypropylene, Hungarian inward shipments dropped to 133,788 tons in January to September 2025 from 159,596 tons in 2024, with average prices dropping from €1378.5 per ton to €1428.4 per ton. Imports of propylene copolymers dropped from 41,944 tons to 31,275 tons whilst homo grade polypropylene imports dropped from 101,440 tons to 93,386 tons.
|
Hungarian Polypropylene Exports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
PP homo
|
112.087
|
127.287
|
|
Propylene copolymers
|
107.227
|
1.204
|
|
Others
|
6.721
|
89.966
|
|
Total
|
226.034
|
218.457
|
|
Av € per ton
|
1275.4
|
1410.0
|
|
Hungarian Polypropylene Imports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
PP homo
|
93.386
|
101.440
|
|
Propylene copolymers
|
31.275
|
41.944
|
|
Others
|
9.127
|
16.213
|
|
Total
|
133.788
|
159.596
|
|
Av € per ton
|
1328.4
|
1378.5
|
Czech polypropylene trade Jan-Sep 2025
Exports of all forms of polypropylene from the Czech Republic amounted to 212,201 tons in the first nine months versus 226,932 tons in January to September 2024, with average prices rising from €1354.3 per ton to €1016.3 per ton. For imports of all forms of polypropylene, Czech inward shipments amounted to 395,566 tons in January to September 2025 from 394,691 tons in January to September 2024, with average prices dropping to €1562.6 per ton.
|
Czech Polypropylene Exports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
PP Homo
|
171.684
|
163.725
|
|
Propylene Copolymers
|
36.209
|
35.610
|
|
Other
|
4.308
|
27.596
|
|
Total
|
212.201
|
226.932
|
|
Av € per ton
|
1016.3
|
1354.3
|
|
Czech polypropylene imports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
PP Homo
|
218.329
|
221.581
|
|
Propylene Copolymers
|
163.034
|
162.336
|
|
Other
|
14.202
|
10.773
|
|
Total
|
395.566
|
394.691
|
|
Av € per ton
|
1562.6
|
1604.7
|
Czech butadiene rubber trade Jan-Sep 2025
The Czech Republic exported 79,790 tons of butadiene rubber in January to September this year against 80,823 tons in the same period in 2024. India was the largest destination for Czech exports, amounting to 9,894 tons in the first nine months this year against 13,003 tons in the same period in 2024. Average prices for butadiene rubber rose from €1701.5 per ton to €1889.0 per ton. Besides exports the Czech Republic also imported 19,915 tons of butadiene rubber in January to September 2025, sourced largely from Germany and the US.
|
Czech butadiene rubber exports
(unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Total
|
79.790
|
80.823
|
|
Revenues €
|
151.270
|
137.517
|
|
Av € per ton
|
1889.0
|
1701.5
|
In general synthetic rubber trade the Czech Republic imported a total of 102,612 tons in the first nine months in 2025 against 101,187 tons in the same period in 2024. Exports at the same time dropped from 99,202 tons to 96,759 tons, which were supplemented by imports of natural rubber where imports increased from 67,402 tons to 77,588 tons.
|
Czech Rubber Trade (unit-kilo tons)
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Exports Synthetic
|
96.759
|
99.202
|
|
Imports Synthetic
|
102.612
|
101.187
|
|
Natural
|
77.588
|
67.402
|
Hungarian synthetic rubber trade Jan-Sep 2025
Hungarian imports of synthetic rubber amounted to 56,927 tons in January to September 2025 against 62,050 tons in January to September 2024. Butadiene rubber imports into Hungary increased from 21,066 tons to 22,867 tons, with the largest source coming from Indonesia. SBR imports into Hungary dropped from 43,228 tons to 39,846 tons.
|
Hungarian synthetic rubber Imports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Butadiene Rubber
|
22.867
|
21.066
|
|
HBR
|
3.021
|
1.668
|
|
SBR
|
39.846
|
43.228
|
|
Other
|
8.662
|
14.972
|
|
Total
|
74.396
|
80.934
|
|
Av € per ton
|
2339.5
|
2463.8
|
|
Hungarian synthetic rubber exports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Butadiene Rubber
|
2.308
|
1.262
|
|
SBR
|
40.707
|
43.319
|
|
Other
|
1.613
|
2.632
|
|
Total
|
44.629
|
48.872
|
|
Av Price Per ton
|
2832.1
|
2631.1
|
Synthetic rubber exports from Hungary amounted to 44,629 tons in the first nine months this year of which SBR grades accounted for 40,707 tons. Prices rose from €2631.1 per ton last year to €2832.1 per ton.
Polish synthetic rubber imports Jan-Sep 2025
Poland imported a total of 170,085 tons of synthetic rubber in January to September 2025 against 262,911 tons in January to September 2024.
|
Polish Synthetic Rubber Imports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
ESBR
|
6.371
|
24.059
|
|
Block SBR
|
24.532
|
33.257
|
|
S-SBR
|
20.280
|
23.321
|
|
Butadiene Rubber
|
37.618
|
61.131
|
|
Butyl Rubber
|
2.353
|
3.084
|
|
HBR
|
9.774
|
6.334
|
|
NBR
|
6.180
|
7.783
|
|
EPDM
|
24.807
|
32.519
|
|
Others
|
36.040
|
37.167
|
|
Total
|
170.085
|
262.911
|
|
Av € per ton
|
2288.4
|
1834.5
|
By category, butadiene rubber was the largest product to be imported into Poland in the nine months, although dropping from 61,131 tons last year to 37,618 tons. Block SBR was the second largest product but still dropping to 24,532 tons against 33,537 tons in the same period last year. The largest suppliers of all grades of synthetic rubber included Germany and South Korea, in addition to the US, Belgium, and Saudi Arabia.
Polish synthetic rubber exports Jan-Sep 2025
Synthetic rubber exports from Poland amounted to a total of 190,270 tons in the first nine months in 2025 against 264,734 tons in the same period in 2024. Export prices rose to €1715.3 per ton to €1651.7 per ton.
|
Polish Exports of Synthetic Rubber
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
SBR
|
141.124
|
160.076
|
|
Butadiene Rubber
|
35.748
|
58.607
|
|
Others
|
12.283
|
15.294
|
|
Total
|
190.270
|
264.734
|
|
Av € per ton
|
1715.3
|
1651.7
|
In contrast to the rise in 2024 this year exports of butadiene rubber from Poland dropped in the first nine months to 35,748 tons against 58,607 tons. At the same time SBR exports dropped from 160,076 tons to 141,124 tons.
Polish benzene exports Jan-Sep 2025
Polish exports of benzene totalled 130,842 tons in January to September 2025 against 117,955 tons in January to September last year. Benzene exports from Poland are supplied largely from Petrochemia Blachownia at Kedzierzyn-Kozle. Benzene exports to Germany dropped from 102,667 tons to 95,597 tons in the first nine months in 2024.
|
Polish Benzene Exports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Czech Republic
|
12.140
|
13.575
|
|
Germany
|
95.597
|
102.667
|
|
Others
|
23.105
|
1.713
|
|
Total
|
130.842
|
117.955
|
|
Av € per ton
|
718.8
|
838.3
|
Polish PTA exports Jan-Sep 2025
Exports of PTA from Poland amounted to 231,007 tons in January to September this year against 285,144 tons in January to September 2024. Germany took 211,394 tons against 231,470 tons last year. Prices fell from €775.4 per ton in the nine months last year to €701.3 per ton.
|
Polish Exports of PTA (unit-kilo tons)
|
|
Producer
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Belgium
|
1.303
|
2.446
|
|
France
|
0.000
|
2.508
|
|
Germany
|
211.394
|
231.470
|
|
Lithuania
|
2.938
|
15.425
|
|
Switzerland
|
1.326
|
0.000
|
|
Turkey
|
1.763
|
9.457
|
|
Others
|
12.016
|
23.837
|
|
Total
|
231.007
|
285.144
|
|
Av Price €/ton
|
701.3
|
775.4
|
|
Polish PTA Production and Trade
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Production (kilo tons)
|
315.0
|
414.0
|
|
Total Sales (kilo tons)
|
306.0
|
423.0
|
|
Exports (kilo tons)
|
231.0
|
285.1
|
|
Total Revenues (€million)
|
192.1
|
321.5
|
|
Export Revenues (€ million)
|
160.9
|
220.1
|
Regarding Orlen’s performance on PTA, production, export volumes and export revenues both declined in the first three quarters to €160.9 million against €220.1 million in the same period in 2024. Demand for PTA has remained low since the beginning of 2025, which was partly due to production shutdowns at PET processors, and partly to weak demand for its derivatives. Increased demand for bottled beverages did not lead to an upward turn in the overall level of demand for PTA.
Polish aromatic imports Jan-Sep 2025
Styrene imports into Poland totalled 77,525 tons in the period January to September 2025 against 50,213 tons in the same period in 2024. The largest supplier was Saudi Arabia which shipped 17,889 tons against 7,578 tons in the same seven months last year. Belgium reduced shipments to Poland from 15,770 tons in the nine months last year to 19,139 tons this year. Average prices for imports into Poland dropped from €1294.2 per ton in the nine months last year to €1205.0 ton this year.
|
Polish Aromatic Product Imports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Adipic Acid
|
9.630
|
9.586
|
|
Bisphenol A
|
9.842
|
5.914
|
|
Caprolactam
|
6.228
|
9.512
|
|
Ethylbenzene
|
62.654
|
73.365
|
|
Paraxylene
|
2.966
|
36.254
|
|
Phenol
|
79.217
|
73.366
|
|
Phthalic Anhydride
|
25.013
|
30.141
|
|
PTA
|
30.884
|
11.090
|
|
Styrene
|
77.525
|
50.213
|
|
TDI
|
56.302
|
55.984
|
|
Toluene
|
17.187
|
17.175
|
Ethylbenzene imports amounted to 62,554 tons in January to September 2025 against 73,365 tons in January to September 2024. In other areas of aromatic derivatives, imports of caprolactam increased in the first nine months to 6,228 tons versus 9,512 tons in the same period last year. Imports of phthalic anhydride dropped from 30,141ons to 25,013 tons, whilst TDI inward shipments remained virtually unchanged at 56,302 tons. PTA imports into Poland increased from 11,090 tons to 30,884 tons due to lower production at Wloclawek, which reduced the demand for imported paraxylene dropping from 36,254 tons to 2,966 tons.
|
Polish Phenol Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Finland
|
1.702
|
4.109
|
|
Germany
|
63.286
|
61.632
|
|
Spain
|
7.087
|
8.030
|
|
Others
|
7.142
|
6.513
|
|
Total
|
79.217
|
73.366
|
|
Av Price €/ton
|
900.0
|
1283.9
|
Average prices for phenol imported into Poland dropped to €900 per ton in the first nine months this year measured against €1293.9 per ton in January to September 2024. Phenol imports into Poland amounted to a total of 79,217 tons in January to September 2025 which was up from 73,366 tons in the same period in 2024. Germany remains the dominant supplier of phenol to Poland, shipping 63,286 tons in the nine months against 61,632 tons in the same period in 2024. Spain and Finland accounted for smaller shipments.
Czech aromatic trade Jan-Sep 2025
Benzene imports into the Czech Republic dropped in January to September this year to 19,246 tons against 34,500 tons in January to September 2024, whilst exports increased from 5,276 tons to 17,724 tons. Toluene imports rose from 6,935 tons to 10,058 tons.
|
Czech Aromatic Exports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Benzene
|
17.724
|
5.276
|
|
Toluene
|
10.058
|
6.935
|
|
Ethylbenzene
|
65.590
|
59.905
|
|
Styrene
|
2.516
|
8.655
|
|
Czech Aromatic Imports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Benzene
|
19.246
|
34.500
|
|
Toluene
|
3.483
|
4.185
|
|
Styrene
|
30.191
|
16.069
|
|
Bisphenol A
|
23.547
|
24.160
|
|
Czech Bisphenol A Imports
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Total Ktons
|
23.547
|
24.160
|
|
Av Price per ton
|
1291.4
|
1368.3
|
|
Czech Epoxy Resin Exports
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Total Ktons
|
39.193
|
37.831
|
|
Av Price per ton
|
2679.9
|
2537.7
|
Imports of Bisphenol A amounted to 23,547 tons in the first three quarters against 24,160 tons in the same period last year. South Korea is the dominant supplier to the Czech Republic, providing 21,945 tons in the first three quarters in 2025.Imports of bisphenol A into the Czech Republic increased from 19,199 tons last year to 19,332 tons in January to September 2025. South Korea accounted for most of the imports.
Aniline exports shipped from the Czech Republic amounted to 74,956 tons in the first three quarters, of which 64,524 tons were delivered to Hungary. Ethylbenzene exports from the Czech Republic decreased from 52,938 tons in the first nine months last year to 49,571 tons
Czech epoxy resin exports Jan-Sep 2025
Czech exports of epoxy resins amounted to 39,193 tons in January to September against 37,831 tons in January to September 2024. Prices rose from €2520.1 per ton to €2678.5 per ton. Germany remains the largest market for Czech epoxy resins, accounting for 15,715 tons in January to September 2025 which was up from 13,997 tons in January to September 2024. Czech exports of epoxy resins amounted to 49,063 tons in the twelve months of 2024 against 46,888 tons in 2023. The European Commission imposed anti-dumping measures on 28 July 2025 for five years concerning imports of epoxy resins originating in China.
|
Czech Epoxy Resins (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Austria
|
3.270
|
2.886
|
|
Germany
|
15.715
|
13.997
|
|
Spain
|
3.849
|
3.022
|
|
France
|
3.672
|
3.091
|
|
Italy
|
3.472
|
4.012
|
|
Poland
|
2.265
|
1.399
|
|
Others
|
6.950
|
9.424
|
|
Total
|
39.193
|
37.831
|
|
Av € per ton
|
2679.9
|
2537.7
|
Hungarian aromatic trade Jan-Sep 2025
Hungarian benzene exports dropped in the first nine months to 29,514 tons in January to September 2025 against 30,856 tons in the same period in 2024. Benzene production in Hungary takes place at the Danube refinery at Szazhalombatta where a fire took place in October, causing a minor disruption.
|
Hungarian Benzene Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Czech Republic
|
1.209
|
1.916
|
|
Germany
|
3.520
|
2.998
|
|
Poland
|
15.718
|
9.596
|
|
Serbia
|
8.299
|
0.000
|
|
Others
|
4.532
|
0.027
|
|
Total
|
33.277
|
14.537
|
|
Av € per ton
|
624.0
|
882.4
|
Imports of benzene into Hungary increased in the first nine months to 33,277 tons against 14,537 tons in the same period last year. Poland increased shipments to 15,718 tons against 9,596 tons in 2024.
Toluene imports into Hungary amounted to 22,962 tons in January to September this year for costs of €21.082 million. This represented a fall from 31,284 tons in the first nine months in 2024 for costs of €30.596 million. The main source of toluene supply includes Germany, followed by Romania and Slovakia.
Hungarian TDI-MDI exports Jan-Sep 2025
Hungarian TDI exports fell from 184,151 tons in January to September in 2024 to 178,774 tons in the same period this year. Average prices dropped from €1958.8 per ton in 2024 to €1906.6 per ton. For raw materials for TDI production BorsodChem sources toluene from MOL which is supplemented by imports.
|
Hungarian TDI Exports
(unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Austria
|
2.093
|
2.424
|
|
Belgium
|
22.083
|
24.801
|
|
Germany
|
10.818
|
8.532
|
|
Italy
|
23.899
|
22.159
|
|
Poland
|
27.551
|
21.289
|
|
Portugal
|
6.552
|
4.734
|
|
Romania
|
7.776
|
10.458
|
|
Spain
|
7.932
|
7.601
|
|
Turkey
|
19.239
|
28.292
|
|
Others
|
50.830
|
53.862
|
|
Total
|
178.774
|
184.151
|
|
Av € per ton
|
1906.0
|
1958.8
|
|
Hungarian MDI Exports
(unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Austria
|
2.952
|
2.885
|
|
Switzerland
|
2.767
|
3.271
|
|
Czech Republic
|
7.162
|
8.342
|
|
Germany
|
15.981
|
16.693
|
|
Algeria
|
4.698
|
3.370
|
|
Italy
|
14.441
|
3.271
|
|
France
|
3.472
|
5.402
|
|
Spain
|
4.390
|
3.692
|
|
Netherlands
|
1.441
|
7.427
|
|
Poland
|
40.248
|
28.893
|
|
Romania
|
18.485
|
10.830
|
|
Slovakia
|
2.795
|
0.430
|
|
Serbia
|
4.510
|
3.888
|
|
Turkey
|
9.788
|
3.211
|
|
Ukraine
|
3.914
|
18.418
|
|
Others
|
35.606
|
36.909
|
|
Total
|
172.650
|
156.932
|
|
Av € per ton
|
1787.1
|
1716.2
|
In the Central Europe region shipments of TDI from Hungary to Poland increased from 21,289 tons in the first nine months in 2024 to 27,551 tons in the same period in 2025 and to Turkey shipments were reduced from 28,292 tons to 19,239 tons. Shipments to Romania fell from 10,458 tons to 7,932 tons. The major user of TDI in Romania is Chimcomplex where production fell in the first three quarters due to weak demand.
In West Europe exports of TDI from Hungary to Belgium dropped from 24,801 tons in the first nine months last year to 22,083 tons in January to September 2024, whilst volumes to Italy increased from 22,159 tons to 23,899 tons in the same period in 2025.
For the MDI sector, exports from Hungary amounted to 172,650 tons in January to September 2025 against 156,932 tons in 2024. MDI export prices rose from €1716.2 per ton in the first nine months last year to €1787.1 per ton this year. Prices did encounter some pressure in the third quarter due to low demand with quarterly quotes falling 4.3% in Germany, but supply side pressures emerged in tight benzene availability helping to counterbalance weak demand.
In terms of geographical breakdown, Poland was the largest destination for Hungarian MDI exports, accounting for 40,248 tons in the first nine months in 2025 versus 28,893 tons in the same period in 2024. Exports to Germany fell slightly from 16,693 tons to 15,981 tons, and to Turkey rose from 3,211 tons to 9,788 tons. Shipments to Romania rose from 10,830 tons to 18,485 tons.
Central European isocyanate trade Jan-Sep 2025
TDI imports into Poland amounted to 56,302 tons in January to September against 55,984 tons in January to September 2024. Prices of TDI imported into Poland dropped from €2002.6 per ton to €1932.4 per ton. Hungary was the largest supplier in the nine months this year, shipping 27,950 tons to Poland followed by 22,238 tons to Germany. Poland previously produced TDI at Bydgoszcz, but the plant was closed in 2013 after its acquisition by BASF from Ciech.
|
Polish TDI Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Belgium
|
0.800
|
4.832
|
|
Germany
|
13.655
|
14.424
|
|
Hungary
|
27.950
|
22.238
|
|
Netherlands
|
0.800
|
5.783
|
|
Saudi Arabia
|
1.433
|
0.436
|
|
South Korea
|
3.272
|
5.736
|
|
Others
|
4.046
|
2.535
|
|
Total
|
56.302
|
55.984
|
|
Av € per ton
|
1932.4
|
2002.6
|
MDI imports into Poland totalled 137,957 tons in January to September this year against 111,017 tons in January to September 2024. Average prices dropped from €1927.2 per ton to €1839.9 in January to September this year.
Germany increased MDI shipments to Poland to 33,418 tons in the first nine months in 2025 against 22,909 tons in January to September 2024, whilst imports from Hungary increased to 33,313 tons against 20.534 tons in 2024. Other suppliers included the Netherlands, Belgium and South Korea.
|
Polish MDI Imports
(unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Germany
|
43.423
|
32.768
|
|
Netherlands
|
11.724
|
14.059
|
|
Hungary
|
40.301
|
26.502
|
|
Belgium
|
26.364
|
24.235
|
|
South Korea
|
10.893
|
5.900
|
|
Others
|
5.254
|
7.552
|
|
Total
|
137.957
|
111.017
|
|
Av € per ton
|
1839.9
|
1927.2
|
MDI imports into the Czech Republic totalled 30,834 tons in January to September 2025 against 30,858 tons in January to September 2024. Average prices decreased from €2080.8 per ton to €1897.6 per ton. The leading supplier was Belgium which shipped 6,671 tons against 6,084 tons in January to September 2024. Imports from Hungary dropped slightly from 6,521 tons to 6,361 tons.
|
Czech MDI imports
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
30.834
|
30.858
|
|
Av Price € per ton
|
1897.6
|
2080.8
|
Czech polyol imports Jan-Sep 2025
Czech polyol imports amounted to 34,839 tons in the first nine months this year against 33,952 tons in the same period in 2024, with average prices dropping from €2301.9 per ton to €2155.0 per ton. The leading supplier to the Czech Republic Belgium shipping 9,824 tons in the first nine months this year, followed by 6,105 tons from the Netherlands and 5,660 tons from Germany.
|
Czech Polyol Imports
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
34.839
|
33.952
|
|
Av € per ton
|
2155.0
|
2301.9
|
Hungarian polyol imports Jan-Sep 2025
Imports of polyols into Hungary rose in the first nine months to 31,474 tons against 25,816 tons in the same period in 2024. Imports from China amounted to 10,136 tons from 8,092 tons in January to September 2024. Imports from the Netherlands increased from 5,298 tons to 7,380 tons. Prices for polyol imports into Hungary amounted to €1620.5, down from €1827.6 per ton in the previous year.
|
Hungarian Polyol Imports
|
| |
Jan-Sep 25
|
Jan-Sep 24
|
|
Kilo tons
|
31.474
|
25.816
|
|
Av € per ton
|
1620.5
|
1827.6
|
Polish polyol trade Jan-Sep 2025
Polish polyol imports amounted to 110,603 tons in January to September 2025 against 105,890 tons in January to September 2024. The Netherlands reduced shipments from 26,510 tons to 21,712 tons, whilst Germany increased shipments from 24,482 tons to 25,809 tons. Polyol import prices into Poland rose from €1825.6 per ton to €1892.3 per ton.
|
Polish Polyol Imports
(unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Belgium
|
18.770
|
17.058
|
|
China
|
8.647
|
6.439
|
|
France
|
5.515
|
3.807
|
|
Germany
|
25.809
|
24.482
|
|
Netherlands
|
21.712
|
26.510
|
|
Romania
|
8.503
|
10.965
|
|
Saudi Arabia
|
1.670
|
1.564
|
|
South Korea
|
8.882
|
5.873
|
|
Others
|
11.096
|
9.193
|
|
Total
|
110.603
|
105.890
|
|
Av € per ton
|
1892.3
|
1825.6
|
Poland remains a net importer of polyols, with the export focus on slightly higher value products than those imported. Exports of polyols from Poland in the nine months this year amounted to 39,293 tons against 40,943 tons in January to September 2024. Prices dropped from €2129.8 per ton to €1940.2 per ton. Destinations for deliveries were focused mostly on Europe, led by Italy taking 5,655 tons against 6,092 tons in the first nine months last year. Shipments to Germany amounted to 4,303 tons in the first nine months against 4,596 tons in the same period in 2024.
|
Polish Polyol Exports
|
|
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Total volume (ktons)
|
39.293
|
40.943
|
|
Av € per ton
|
1940.2
|
2129.8
|
For polyether polyols, imports from Asia increased significantly in 2025, particularly South Korea, forcing PCC Rokita to introduce price reductions resulting in a decrease in profitability. One of the main challenges for European polyether-polyol producers in 2025 is the efficiency of production costs. The geopolitical situation could moreover significantly influence the flow of imports, including propylene, the price of gas and energy.
PCC Rokita Jan-Sep 2025
PCC Rokita's results came under continued pressure this year from weak demand in Europe and competition from Asia. PCC Rokita reduced total revenues from €339.4 million in the first three quarters last year to €324.0 million in the same period in 2025. Factors that affected PCC Rokita’s performance in the first three quarters included persistently low margins due to aggressive price competition in the market, and increasing imports of polyether polyols of Asian origin.
|
PCC Rokita Product Sales (unit-kilo tons)
|
|
Product Group
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Polyurethanes
|
67.1
|
66.5
|
|
Chloralkalis
|
230.9
|
219.9
|
|
Chemical
|
17.6
|
18.4
|
|
PCC Rokita's Sales (€ million)
|
|
Product Group
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Polyurethanes
|
133.587
|
142.951
|
|
Chloralkalis
|
158.401
|
173.425
|
|
Chemical
|
32.500
|
30.579
|
|
PCC Rokita's Prices (€ per ton)
|
|
Product Group
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Polyurethanes
|
1990.9
|
2149.6
|
|
Chloralkalis
|
686.0
|
788.7
|
|
Chemical
|
1846.6
|
1661.9
|
In the first nine months in 2025, the PCC Rokita Group’s EBITDA fell by 5.3% to zl 198.5 million, whilst the net profit rose by 5.6%, amounting to zl 40.8 million. Excluding other group members, PCC Rokita increased its EBITDA by 6.2% to zl 198.3 million in the first three quarters, with net profit rising by 77.2% to zl 56.7 million.
This year the EBITDA of individual segments increased in the divisions for chlorine derivatives, other chemicals, and power generation. At the same time the results of the polyurethanes segment were at lower compared to the corresponding period of 2024.
In the three quarters of 2025, the polyurethanes segment recorded a decline in EBITDA by 50.9% to zl 22.9 million against the same period in 2024. The segment's sales volume was at a similar comparable level, but at the same time margins declined. The three quarters of 2025 were characterized by relatively low demand on the polyether polyol market with a high level of availability and stable demand for polyester polyols.
The biggest challenge for the polyurethanes segment is the aggressive sales of Asian polyol producers, which compete mainly by lowering prices and the difficulty of competing outside the EU area. For some time now, there has been a significant increase in imports of polyether polyols from outside Europe. This is attributed to global production surpluses, particularly in China.
Chimcomplex polyol sales Jan-Sep 2025
Chimcomplex achieved total revenues of €169.5 million in the first three quarters of the year, down from €226.4 million in the same period in 2024. Due to market factors Chimcomplex was forced to adjust its production, optimize its portfolio and make important production decisions, such as the temporary shutdown of the oxo-alcohol unit. Net profits dropped for Chimcomplex from €1.438 million in the first three quarters last year to minus €17.562 million in the first nine months in 2025.
|
Chimcomplex Financial Performance
(€ million)
|
|
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Revenues
|
169.467
|
226.402
|
|
Costs
|
146.148
|
223.807
|
|
Operating Profit
|
-3.544
|
2.596
|
|
Net Profit
|
-17.562
|
1.438
|
Whilst domestically sales increased, exports decreased by 34%, influenced by the high price pressure in the macromolecular products area, amid the reorientation of Asian exports to Europe. The lack of anti-dumping measures requested by European producers at the level of the European Commission has accentuated price competition.
The petrochemical segment accounted for 44% of the turnover, respectively 375.5 million lei, while chlorine products contributed 42.7%, i.e. 361.7 million lei. The oxo-alcohol market remains strongly influenced by cheap imports from Asia, which maintained the decision to temporarily stop production. In addition, low demand from the automotive and comfort industries has significantly affected the volume of polyols sold.
Major costs for Chimcomplex include propylene, natural gas and electricity. Margins were restricted by the price of raw materials, including slightly higher prices for propylene. Significantly electricity prices amounted to €147 per megawatt against €87 in the six months in 2024. The supply-demand ratio was assessed as balanced in the first quarter, while the second quarter was characterized by decreases in prices and consumption.
Hungarian maleic anhydride exports Jan-Sep 2025
Hungary exported 10,028 tons of maleic anhydride in January to September this year against 17,759 tons in January to September 2024. Average prices rose from €1183.1 per ton to €1284.6 per ton. Exports of maleic anhydride to Poland from Hungary decreased from 5,224 tons in the first three quarters in 2024 to 1,484 tons in 2025.
|
Hungarian Maleic Anhydride Exports
(unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Austria
|
1.407
|
0.358
|
|
Germany
|
1.635
|
2.372
|
|
Italy
|
0.953
|
2.564
|
|
Poland
|
1.484
|
5.224
|
|
Slovenia
|
0.559
|
1.352
|
|
Others
|
3.990
|
5.888
|
|
Total
|
10.028
|
17.759
|
|
Av € per ton
|
1284.6
|
1183.1
|
Hungarian organic chemical exports Jan-Sep 2025
Exports of organic chemicals from Hungary totalled 367,616 tons in the first nine months in 2025, down from 437,801 tons in the same period in 2024. The largest commodity in the organic chemical sector is TDI, accounting for 41% of Hungarian organic chemical exports last year by volume and 33% by value. Overall, the value of organic chemical exports from Hungary amounted to €929.242 million which was down from €1.126 billion in January to September 2024.
Imports of organic chemicals into Hungary amounted to 605,300 tons in the first nine months this year against 519,780 tons in January to September 2024. Imports consist of such products as styrene, methanol, aniline and acrylonitrile.
Hungarian aniline & acrylonitrile imports Jan-Sep 2025
Acrylonitrile imports into Hungary increased from 11,437 tons in the first nine months to 2024 to 15,213 tons in the same period in 2024. Imports from the Netherlands increased from 8,914 tons to 12,431 tons. Average prices for acrylonitrile imports increased from 1489.2 per ton to €1548.3.
|
Hungarian Acrylonitrile Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Germany
|
2.208
|
2.395
|
|
Netherlands
|
12.431
|
8.914
|
|
Total
|
15.213
|
11.437
|
|
Av € per ton
|
1548.3
|
1489.2
|
Aniline imports into Hungary dropped from 70,616 tons in January to September 2024 to 44,563 tons in January to September this year. Inward shipments from BorsodChem-MCHZ in the Czech Republic dropped to 44,563 tons against 61,675 tons in 2024. Cost prices of aniline imports rose from €1433.6 per ton to €1455.0 per ton.
|
Hungarian Aniline Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Belgium
|
0.000
|
8.917
|
|
Czech Republic
|
44.563
|
61.675
|
|
Others
|
0.000
|
0.024
|
|
Total
|
44.563
|
70.616
|
|
Av € per ton
|
1455.0
|
1433.6
|
Polish glycol-oxide imports Jan-Sep 2025
|
Polish EO/PO Imports (unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
DEG
|
23.900
|
21.120
|
|
Ethylene Glycol
|
22.182
|
40.531
|
|
Ethylene Oxide
|
16.106
|
15.130
|
|
Propylene Glycol
|
24.851
|
16.586
|
|
Propylene Oxide
|
10.334
|
5.391
|
Ethylene glycol imports into Poland dropped in January to September to 22,182 tons from 40,531 tons in the same period last year. Belgium is the main supplier of glycols to the Polish market. DEG imports amounted to 23,900 tons against 21,120 tons.
Ethylene oxide imports into Poland totalled 14,170 tons in January to September 2025 versus 12,843 tons in the same period in 2024. Germany currently represents the main source of inward shipments. Ethylene oxide consumption in Poland is expected to increase after the completion of PCC Exol’s second line of the Ethoxylates II plant at Plock.
PCC Exol Jan-Sep 2025
The PCC Exol Group is the largest consumer of ethylene oxide in Poland. The company recorded margins of 17.3% in the first three quarters in 2025 which was unchanged from 2024. Revenues also include sales of ethylene oxide to PCC Group companies, accounting for more than 40% of group revenues in the first three quarters in 2025.
|
PCC Exol's surfactant sales (unit-kilo tons)
|
|
Product Group
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Detergents and cosmetics
|
58.2
|
54.0
|
|
Industry
|
41.5
|
31.7
|
|
PCC Exol's sales (€ million)
|
|
Product Group
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Detergents and cosmetics
|
87.648
|
63.914
|
|
Industry
|
85.344
|
66.462
|
|
PCC Exol's Prices (€ per ton)
|
|
Product Group
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Detergents and cosmetics
|
1506.0
|
1183.6
|
|
Industry
|
2056.5
|
2096.6
|
The largest increase in external sales volumes was recorded in the surfactants for industrial applications. Volume sales in the first three quarters rose from 31,700 tons to 41,500 tons. For detergents and cosmetics sales volumes increased by 4,200 tons to 58,200 tons. Sales revenues in this product group also increased and were higher by 27.5% compared to the first nine months of 2024. Such a large increase in revenues comes primarily from the increase in product prices, which was the result of an increase in the prices of raw materials on the oleochemical market.
Polish organic chemical trade Jan-Sep 2025
Exports of organic chemicals from Poland dropped in the first three quarters by volume to 1.099 million tons from 1.185 million tons in the same period in 2024, whilst imports increased from 2.934 million tons to 3.079 million tons. Despite lower volumes, export values increased from €966.6 million to €968.8 million, whilst import values rose from €2.051 million to €2.171 million.
|
Polish Organic Chemical Trade
|
|
Exports
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Vol (kilo tons)
|
1,099.1
|
1,185.2
|
|
Value (€ million)
|
968.8
|
966.6
|
|
Av € per ton
|
881.4
|
815.5
|
|
|
|
|
|
Imports
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Vol (kilo tons)
|
3,079.3
|
2,934.3
|
|
Value (€ million)
|
2,171.4
|
2,050.5
|
|
Av € per ton
|
705.2
|
698.8
|
|
Polish Organic Chemical Imports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Acetic Acid
|
31,703
|
29,017
|
|
Acetone
|
6.552
|
5.331
|
|
DINP/DOP
|
19.812
|
18.722
|
|
Ethyl Acetate
|
10.002
|
12.743
|
|
Isopropanol
|
12.014
|
9.546
|
|
Maleic Anhydride
|
8.017
|
8.278
|
|
Methanol
|
480.809
|
491.127
|
|
VAM
|
26.852
|
15.859
|
The largest organic chemical import is methanol where the inward flow into Poland totalled 480,809 tons in January to September 2025, which was down from 491,127 tons in the same period last year. Regarding methanol derivatives Poland imported 31,703 tons of acetic acid in January to September against 29,017 tons in the same period last year. The US provided 22,574 tons in the first nine months this year.
Imports of ethyl acetate into Poland amounted to 10,002 tons in January to September, down from 12,743 tons in the same period in 2024. Mexico supplied 2,349 tons of ethyl acetate to Poland in the first nine months this year, with other sources coming from Belgium and the Netherlands.
|
Polish Organic Chemical Exports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Acetone
|
9.292
|
8.349
|
|
Ethylene Glycol
|
23.301
|
13.972
|
|
Formaldehyde
|
24.353
|
16.319
|
|
Glycerol
|
28.712
|
25.791
|
|
Methanol
|
161.200
|
131.635
|
|
Monochloroacetic Acid
|
23.473
|
26.900
|
|
N-Butyl Acetate
|
3.739
|
5.447
|
Isopropanol imports into Poland totalled 12,014 tons in January to September 2025, against 9,546 tons in the same period in 2024. Aside Germany, imports come from the Netherlands and South Africa.
Regarding export activity in organic chemicals, Polish shipments of monochloroacetic acid (MCAA) amounted to 23,473 tons in the nine months against 26,900 tons in January to September last year. MCAA production is undertaken by the PCC Group at Brzeg Dolny. Other organic chemical exports from Poland include acetone where shipments amounted to 9,292 tons versus 8,349 tons in January to September 2024.
Czech organic chemical trade Jan-Sep 2025
Czech imports of organic chemicals are led by methanol where volumes amounted to 43,534 tons in January to September 2025 against 52,597 tons in January to September last year. 2-EH imports dropped from 16.658 tons to 15,037 tons, with Poland providing the largest source of supply. Oxygenated solvent imports include acetone and ethyl acetate, amounting to 3,391 tons and 3,087 tons respectively in the nine months.
|
Czech Organic Trade
|
|
Exports
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Value (€ million)
|
740.3
|
949.4
|
|
Vol (kilo tons)
|
378.9
|
421.4
|
|
Imports
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Value (€ million)
|
988.4
|
987.0
|
|
Vol (kilo tons)
|
507.9
|
523.6
|
|
Czech Organic Chemical Imports
(unit-kilo tons)
|
|
Product
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Acetone
|
3.391
|
4.232
|
|
DEG
|
1.007
|
1.760
|
|
DINP
|
9.300
|
6.492
|
|
2-EH
|
15.037
|
16.658
|
|
Ethylene Glycol
|
7.905
|
5.525
|
|
Propylene Glycol
|
2.810
|
2.757
|
Organic chemical imports totalled €988.4 million in value in the first nine months this year against €987.0 million in the same period in 2024, with import volumes dropping to 507,900 tons against 523,600 tons. Organic chemical exports from the Czech Republic dropped by value to €740.3 million against €949.4 million in January to September 2024, with volumes dropping from 421,400 tons to 378,900 tons. Imports of DINP plasticizers increased to 9,300 tons against 6,492 tons in the same period in 2024.
Czech methanol imports Jan-Sep 2025
Czech imports of methanol amounted to 42,544 tons in the first nine months this year against 48,516 tons in the same period in 2024. Prices per ton for methanol imports increased from €487.4 per ton to €439.0. Poland was the largest supplier, accounting for 13,413 tons against 35,238 tons in the same period in 2024.
|
Czech Methanol Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Germany
|
4.371
|
4.994
|
|
Estonia
|
5.910
|
5.173
|
|
Poland
|
13.413
|
35.238
|
|
US
|
9.605
|
0.000
|
|
Venezuela
|
3.465
|
0.000
|
|
Total
|
42.544
|
48.516
|
|
Av € per ton
|
439.0
|
487.4
|
Hungarian methanol imports Jan-Sep 2025
Methanol imports into Hungary in January to September increased to 77,947 tons from 72,870 tons in the same period in 2024. Imports from Germany dropped from 45,341 tons to 30,193 tons, whilst imports from the Netherlands increased from 9,803 tons last year to 22,192 tons. Imports from Slovenia amounted to 11,042 tons in the first nine months this year, against 14,486 tons in 2024. Average prices of methanol imports into Hungary amounted to €458.7 per ton in 2025 against €419.5 per ton in 2024.
|
Hungarian Methanol Imports
(unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Germany
|
30.193
|
45.341
|
|
Netherlands
|
22.192
|
9.803
|
|
Poland
|
5.275
|
1.256
|
|
Estonia
|
6.310
|
0.000
|
|
Slovenia
|
11.042
|
14.486
|
|
Total
|
77.947
|
72.670
|
|
Av € per ton
|
458.7
|
419.5
|
Polish methanol trade Jan-Sep 2025
Polish imports of methanol amounted to 480,809 tons in the nine months this year against 491,127 tons in January to September 2024. Average prices amounted to €363.5 per ton against €324.0 per ton last year.
|
Polish Methanol Imports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Belgium
|
41.654
|
122.742
|
|
Estonia
|
9.062
|
5.920
|
|
Germany
|
54.439
|
68.255
|
|
Netherlands
|
21.853
|
56.106
|
|
Norway
|
60.290
|
45.438
|
|
US
|
109.768
|
13.577
|
|
Trinidad
|
97.638
|
53.338
|
|
Venezuela
|
68.046
|
112.992
|
|
Others
|
17.013
|
12.270
|
|
Total
|
480.809
|
491.127
|
|
Av € per ton
|
363.5
|
324.0
|
|
Poland Methanol Exports (unit-kilo tons)
|
|
Country
|
Jan-Sep 25
|
Jan-Sep 24
|
|
Czech
|
25.832
|
28.451
|
|
Germany
|
81.513
|
65.948
|
|
Slovakia
|
29.416
|
18.524
|
|
Ukraine
|
18.970
|
16.465
|
|
Total
|
161.200
|
131.635
|
|
Av € per ton
|
402.6
|
382.5
|
Imports from Trinidad totalled 97,638 tons in the nine months against 53,338 tons in the same period in 2024. Supplies from the US this year totalled 109,768 tons, replacing shipments from Germany, Belgium and the Netherlands. Imports from Germany declined from 68,255 tons in the nine months to 54,439 tons in the same period in 2025, whilst volumes from the Netherlands dropped from 56,106 tons to 21,853 tons. Belgium supplied 41,654 tons against 122,742 tons in January to September 2024, whilst imports from Venezuela dropped from 112,992 tons to 68,046 tons.
Exports of methanol from Poland amounted to 161,200 tons in the nine months rising from 131,635 tons in the same period in 2024. The largest destination for Polish exports in January to September this year was Germany which took 81,513 tons against 65,948 tons in January to September 2024. Ukraine imported 18,970 tons of methanol from Poland in the nine months against 16,465 tons last year. Polish methanol export prices increased from €382.5 per ton to €402.6 per ton, comparing to the fall in import prices.
Summary archives from Last year :
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