Russia cuts propylene trimer, tetramer export duties

26 March 2012 21:06  [Source: ICIS news]

MOSCOW (ICIS)--The Russia government on Monday lowered export duties on propylene trimer and propylene tetramer effective 1 April.

From 1 April, propylene trimer and propylene tetramer will be subject to a $29.90/tonne duty (€22/tonne), down from $370.10/tonne in March, according to the decree N 205, dated 21 March and officially published on Monday.

In April, the duty levied on ethylene, propylene, butylene and butadiene will increase to $158.60/tonne, up from $157.30/tonne in March.

The duty levied on benzene, xylenes and toluene was set at $304.00/tonne, up from $271.40/tonne.

Russia reviews its export duties levied on petrochemical products on a monthly basis in line with changes of the crude oil export duty. From 1 April, Russia's export duty levied on crude amounts to $460.70/tonne or up from $411.20/tonne in March.

($1 = €0.75)

By: Sergei Blagov
+44 20 8652 3214

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