Moscow – Sibur’s synthetic rubber segment has posted strong results for the first nine months of 2016, with sales showing an 11.4% rise at 29.6 billion ruble (€427 million).
The higher sales were achieved on the back of completed homologation of thermoplastic elastomers (TPEs) with key clients, explained Sibur in a statement provided to ERJ.
Also, production increased during the said period due to “shorter maintenance shutdowns”, the statement added.
Furthermore, the effective average selling price for commodity rubbers was supported by the Russian ruble depreciation and local shortages due to a third-party production shutdown.
Prices for thermoplastic elastomers were positively affected by the expiring of discounts applied for premarketing sales in 2015.
In terms of volume, Sibur sold a total of 330 kilotonnes of rubber during the first three quarters of the year, of which nearly 56 kilotonnes were TPEs.
Speciality rubber volumes stood at 74 kilotonnes while commodity rubbers formed the bulk of the sales at 200 kilotonnes in the nine months to end of September.