MOSCOW (MRC) -- Russia is expected to have 3.464 million tonnes of primary oil refining capacity offline in October, a weekly estimate based on Refinitiv Eikon data and Reuters calculations showed on Friday, up 9.1% from last week's estimate, according to Hydrocarbonprocessing.
That is still be lower than the previous month, with many plants expected to finish maintenance.
Expected idled refining capacity for September was estimated at 3.943 million tonnes, down 7.9% from last week's estimate.
The revisions follow adjustments to maintenance schedules by some refineries.
As MRC reported earlier, in August 2021, industrial production in the Russian Federation increased by 4.7% compared to August 2020, the Federal State Statistics Service (Rosstat) said in a statement.
We remind that Russia's GDP in 2021 will grow to 4.2% instead of the projected 3.8%, said State Secretary and Deputy Minister of Economy Alexei Khersonsev in September 2021.
Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,396,960 tonnes in January-July 2021, up by 7% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 841,990 tonnes in the first seven months of 2021, up by 29% year on year. Supply of propylene homopolymers (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of statistical copolymers of propylene (PP random copolymers) subsided.
MRC