MOSCOW (MRC)--Prices of Russian plasticizer dioctyl phthalate (DOP) have reached record levels on a supply shortage which has become more acute since early summer, according to MRC analysts.
Supplies from South Korea have recently helped to alleviate the issue but market participants said there were production problems at Gazprom Neftekhim Salavat, forcing the producer to close its August contract shipments in September.
Other Russian producers have also limited production volumes due to a shortage of raw materials - alcohol, diethylhexanol (DEG).
Due to the deficit of DOP, prices at the beginning of September increased to Rb115,000-116,000/tonne ($1,678-1,693/tonne), including VAT and delivery, for Russian and South Korean plasticizers.
Some companies fearing problems in the future began to actively contract the South Korean DOP for deliveries in October.
Deals are done in the range of Rb103,000-104,000 /tonne, including VAT and delivery.
($1 = Rb68.52)
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.