Radar Telegram alerts Open Radar

The government introduced import duties on isopropylbenzene hydroperoxide and crumb rubber. For these products, the rates were set at 25% and 35%, respectively. They will be in effect until December 31, 2027 inclusive. The decision applies to products from countries and territories included in the list of unfriendly countries in Russia. There is an exception for Hungary and Slovakia - increased tariffs do not apply to goods from these countries. The duties are aimed at supporting local producers of this type of raw materials and protecting the local market. Each product has its own logic: isopropylbenzene hydroperoxide is a raw material for the production of phenol and acetone using the cumin method. The resulting products are then used to make plastics, synthetic resins and other chemicals. The largest producers of phenol and acetone in Russia include PJSC Kazanorgsintez (part of Patience), JSC Omsk Kauchuk (part of the Titan group of companies) and two Rosneft plants - PJSC Ufaorgsintez and JSC NNK. According to open data, the total capacity of the four plants is more than 325 thousand tons of phenol and 237 thousand tons of acetone per year. There are few open detailed statistics on hydroperoxide imports. By 2022, Russian consumers purchased this product abroad, and it was the sanctions that pushed Russia into import substitution. Chemical traders who work with this type of product identify China, India, Turkey and, in the past, EU countries as typical importing countries. Rubber crumbs - we are talking about recyclable materials that are obtained by mechanical crushing of waste tires. It is used in road construction, coating production, as well as in the chemical industry and oil refining. Until 2017, EU countries were the leaders in supplying these products to Russia. So they were replaced by Belarus (up to 77% of imports) and China (about 7%). Since Belarus is part of the United Arab Emirates, the duty actually hurts the remaining supplies from the EU and China.

תרגם לעברית

Химпром · · Source

🇷🇺 Russia · Map

The government introduced import duties on isopropylbenzene hydroperoxide and crumb rubber. For these products, the rates were set at 25% and 35%, respectively. They will be in effect until December 31, 2027 inclusive. The decision applies to products from countries and territories included in the list of unfriendly countries in Russia. There is an exception for Hungary and Slovakia - increased tariffs do not apply to goods from these countries. The duties are aimed at supporting local producers of this type of raw materials and protecting the local market. Each product has its own logic: isopropylbenzene hydroperoxide is a raw material for the production of phenol and acetone using the cumin method. The resulting products are then used to make plastics, synthetic resins and other chemicals. The largest producers of phenol and acetone in Russia include PJSC Kazanorgsintez (part of Patience), JSC Omsk Kauchuk (part of the Titan group of companies) and two Rosneft plants - PJSC Ufaorgsintez and JSC NNK. According to open data, the total capacity of the four plants is more than 325 thousand tons of phenol and 237 thousand tons of acetone per year. There are few open detailed statistics on hydroperoxide imports. By 2022, Russian consumers purchased this product abroad, and it was the sanctions that pushed Russia into import substitution. Chemical traders who work with this type of product identify China, India, Turkey and, in the past, EU countries as typical importing countries. Rubber crumbs - we are talking about recyclable materials that are obtained by mechanical crushing of waste tires. It is used in road construction, coating production, as well as in the chemical industry and oil refining. Until 2017, EU countries were the leaders in supplying these products to Russia. So they were replaced by Belarus (up to 77% of imports) and China (about 7%). Since Belarus is part of the United Arab Emirates, the duty actually hurts the remaining supplies from the EU and China.

More on Radar

Want to see every report in real time?

Hundreds of sources worldwide, translated into your language, with alerts for what matters to you.

Sign up free
Share on WhatsApp Get alerts on Telegram