21 December 2011 11:28 [Source: ICIS news]
"While we expect demand from
Russian chemical producers will also benefit from planned increases in polymer production, supported by strong growth in Russia's retail and construction sectors, the ratings agency said.
Demand for fertilizers will remain strong, with support from emerging and domestic markets outweighing slowing demand in
There are risks in this sector, however, from cheap North American feedstocks, increasing production of nitrogen-based fertilizers in the
Pribytkova said ongoing investment will benefit Russia's chemical sector but warned that the outlook would be revised downwards if Chinese economic growth slowed to less than 5%. China's 2012 GDP is widely expected to be around 8–9%.
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