PVC imports to Ukraine dropped by 2% in Q1 2018

MOSCOW (MRC) -- Imports of suspension polyvinyl chloride (SPVC) into Ukraine decreased in the first three months of 2018 by 2% year on year, totalling 20,500 tonnes, according to MRC's DataScope report.

Last month's SPVC imports to the Ukrainian market fell to 6,800 tonnes from 8,000 tonnes in February. Local producers of profile-moulded products decreased their purchasing. Overall SPVC imports totalled 20,500 tonnes in January-March 2018, compared to 20,900 tonnes a year earlier, shipments of resin from the USA increased significantly.

The structure of polyvinyl chloride (PVC) imports into Ukraine by countries looked the following way over the stated period.

Last month's imports of US SPVC shrank to 5,500 tonnes from 6,000 tonnes in February. Export prices reached their top in the USA in January-February, and Ukrainian companies reduced their purchasing of North American resin. Imports of North American resin totalled 14,200 tonnes in the first three months of 2018 versus 3,500 tonnes a year earlier.

March imports of European PVC into the Ukrainian market were 1,300 tonnes, compared to 1,200 tonnes a month earlier. Such a low level of imports was caused by high export prices in Europe. Overall imports of European PVC to Ukraine totalled 5,100 tonnes over the stated period, compared to 12,300 tonnes a year earlier.

Since 1 March , the Cabinet of Ministers has introduced a temporary ban on purchasing of resin in Russia, the ban is valid until 31 December 2018. Imports of Russian resin were 1,200 tonnes in the first quarter of 2018 versus 5,000 tonnes a year earlier.


Ukraine PE imports in the first quarter remained at the level of 2017

MOSCOW (MRC) - Imports of polyethylene (PE) into Ukraine in Q1 2018 were about 59,1 tonnes, which practically corresponded to the last year's figure. At the same time, a decrease in imports was seen in the segment of high density polyethylene (HDPE) and ethylene-vinyl acetate (EVA), according to the DataScope.

Last month's PE imports decreased to 17,900 tonnes from 20,600 tons in February, local companies decreased their purchasing of high density polyethylene (HDPE). Overall PE imports reached 59,100 tonnes in January-March 2018, compared to 59,200 tonnes a year earlier, HDPE imports decreased because of higher domestic production, demand for EVA also went down.

Supplies of other ethylene polymers have grown.

The supply structure by PE grades looked the following way over the stated period. March imports of HDPE into Ukraine significantly decreased because of the temporary ban on import of HDPE from Russia (from 1 March to 31 December 2018).

March HDPE imports into the country were about 4,700 tonnes, compared with 8,200 tonnes in February. Overall HDPE imports reached 19,100 tonnes in the first three months of 2018, compared to 24,000 tonnes a year earlier. The most reduction in imports (-60%) accounted in the film HDPE, resulting from the resumption of local production.

March imports of low-density polyethylene (LDPE) grew to 6,400 tonnes against 6,100 tonnes a month earlier, some companies increased purchases of LDPE in Russia. Overall LDPE imports reached 19,400 tonnes over the stated period, up by 19% year on year.

March imports of linear low density polyethylene (LLDPE) into the country were about 5,700 tonnes, which was close to the previous month level. In general, January - March LLDPE imports into Ukraine increased to 17,300 tonnes compared with 14,900 tonnes year on year.
Local producers of film products accounted for the main increase in imports. Imports of other grades of polyethylene, including EVA for the period under review reached about 3,400 tonnes against 4,100 tonnes a year earlier.


Celanese appoints Benita Casey as Chief Accounting Officer

MOSCOW (MRC) --- Celanese Corporation, a global technology and specialty materials company, has announced the appointment of Benita M. Casey as chief accounting officer, as per the company's press release.

Casey assumes this role from Kevin Oliver, who, in addition to his chief accounting officer role, successfully served as interim chief financial officer until Scott Richardson's appointment in February. As part of the company's commitment to developing employees, Oliver is relocating to assume the role of CFO of Celanese's European headquarters in Amsterdam.

Casey joined the company in January as vice president, finance and controller. In her expanded role, she will add global responsibility for SEC reporting, internal reporting, accounting, and Sarbanes-Oxley compliance.

"Benita has been a great addition to the team and is the natural choice for the position of chief accounting officer," said Chairman and CEO Mark Rohr. "As we congratulate Benita on her new role, we also celebrate Kevin Oliver who is expanding his experience with an assignment in Amsterdam. We deeply appreciate Kevin's work - including stepping in as interim CFO - and look forward to supporting his ongoing career growth at Celanese."

Immediately prior to joining the company, Casey held the position of senior vice president internal audit with J.C. Penney Company and was vice president corporate audit with Dr Pepper Snapple Group from 2008 to 2014. She also held a number of positions of increasing responsibility over 18 years with the public accounting firm of PricewaterhouseCoopers and during her tenure at PepsiCo. She holds a bachelor's degree in Accounting from the University of Texas, Austin and is a Certified Public Accountant.

As MRC wrote before, Celanese Corporation will increase list and off-list selling prices for Ateva EVA polymers sold in the Americas. The price rise below will be effective 1 May, 2018, or as contracts otherwise allow. Thus, the company's EVA prices will go up by USD0.05/lb for the said regions.

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Based in Dallas, Celanese employs approximately 7,600 employees worldwide and had 2017 net sales of USD6.1 billion.

Sabic showcases full complement of market leading fluids for Chinese and Asian markets at IESD show, Shanghai

MOSCOW (MRC) -- As a global leader in the chemical industry, Sabic will present its full Fluids product portfolio at IESD, the leading surfactants and detergents show for China and Asia, in Shanghai, April 24 -26, as per the company's press release.

Sabic Specialties provides high value, technologically advanced chemical derivatives for use in a wide range of applications. Employed as surfactants, detergents, emulsifiers, emollients and thickeners for consumer products ranging from cosmetic and personal care, home care and pharmaceuticals, to industrial products like textiles, paints and coatings. Additionally, these products find their way into industrial uses such as specialty lubricants, crop protection, and oil & gas applications.

A key aspect of Sabic Specialties Fluids business - not only within China, but for the broader Asia region - is its ability to deliver the added value only a dedicated, local team with stocked inventory and flexible packaging options, can supply. In addition to local team know-how and readiness, Sabic's Chinese operations are supported by a global team with significant expertise and production facilities around the globe. Focused on creating the right balance of properties and performance to meet the ever-increasing needs of consumers and industry, Sabic works closely with specifiers and formulators to develop vital constituents for game changing products.

At IESD Sabic will be introducing SAPEG 400 PH, its new pharma grade PEG400, conforming to USP-NF monograph and manufactured to EXCiPACT Good Manufacturing Practices of pharmaceutical excipients. It is used in liquid preparations as a viscosity modifier, in ointment and suppository bases as a melting point regulator, moisturizer and lubricant and in the preservation of pathological specimens. It can be used in the manufacturing of creams, lotions, toothpastes and in soaps as a humectant.

"Sabic Specialties has long been a pioneer in developing innovative chemicals and polymers to support the production of the latest and most advanced domestic and industrial applications", said Eric Jaarda, Senior Manager, Fluids Marketing Global at Sabic Specialties. "We are proud to present some of our most advanced and versatile offerings at this year’s IESD in Shanghai and to demonstrate our commitment to the Chinese and broader Asian market."

A. Schulman sets LyondellBasell merger vote

MOSCOW (MRC) -- Fairlawn, Ohio-based A. Schulman Inc. has set June 14 as the date for a special sharholders' meeting to vote on a merger agreement with global plastics, chemicals and refining company LyondellBasell Industries, as per Plasticsnews.

Schulman, a leading compounder and concentrates maker in both North America and Europe, said in a news release that it has established a record date of May 7 for the special meeting. The previously-announced deal with LyondellBasell Industries N.V. and LYB Americas Holdco Inc., a wholly owned subsidiary of LyondellBasell, sets the value of the merger at USD2.25 billion.

Directors of Schulman recommend that stockholders vote in favor of the merger. The company said in the release that it expects the deal to close in the second half of this year, subject to shareholder approval, remaining regulatory approvals, and customary closing conditions.

If the merger is completed, Schulman stockholders will receive USD42 in cash and one "contingent value right" per share. Each contingent value right will provide a shareholder "with an opportunity to receive certain net proceeds, if any are recovered, from claims arising from" Schulman's Citadel and Lucent acquisitions.

When the merger deal was announced in February, the companies said the combined Schulman and LyondellBasell businesses had revenues of USD4.6 billion and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of USD446 million over the past 12 months.

Schulman has about 5,200 employees and 54 manufacturing facilities globally. It reported sales of about USD2.5 billion for the fiscal year ended Aug. 31, 2017.