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  1. The Rubber Market: from Crisis to Growth

    ... for the industry. His deputy, Alexey Sazanov, recently clarified that the Ministry of Finance is currently discussing support in the form of a negative excise tax for Russian rubber producers. Looking ahead The International Rubber Study Group (IRSG) forecasts a significant recovery in the global natural and synthetic rubber markets in 2021. According to its latest report, the total demand for rubber decreased by 8% in 2020 to 26.5 million tonnes, but a 7% increase is expected in 2021. All the same,...

  2. A jab for the economy

    ... decision to increase production in January 2021 by just 0.5 million barrels per day (2.1 million tonnes per month), instead of the planned 2 million barrels per day (8.3 million tonnes per month). In February, the price of Brent exceeded USD 60. The EIA forecasts an average crude price of USD 56 per barrel for Q1 2021. In 2H, it may fall to USD 51, faced with increased supply-side pressure from growing production and a slower drawdown of inventories piled up last year. For the meantime, the average annual ...

  3. 2020 highlights: Riding the second wave

    ... positive values. Their experts are confident that the potential for an increase in domestic and foreign demand for Russian-produced polyolefins remains high. Polyethylene production at SIBUR’s Tobolsk production site. According to their forecasts, the decline in global demand for polyethylene fr om mechanical engineering, construction and the production of household appliances and other durable goods will be offset by increased demand for packaging and consumer goods. At the same time,...

  4. Petrochemicals: highs and lows of 2020

    ... drop-off in consumption in the tyres segment. Before the pandemic, demand for nitrile gloves in Russia stood at 1–1.2 billion pairs, which grew to 4 billion pairs in the two months of spring. The Association of Natural Rubber Producing Countries (ANRPC) forecasts that the global rubber production in 2020 will decrease by 4.7% (or 300,000 t) to 13.13 mt. The association’s analysts expect the market to gradually return back to growth following the crisis. Plastic recycling is losing momentum Lower cost ...