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Heading into H2: Key Russian Chemical Players Announced Q1, 2013 Results

A number of key Russian chemical and petrochemical players have announced production results for the first quarter of 2013. In particular, among them are Acron Group JSC, Metafrax JSC, Bashneft JSC, Uralchem Holding PLC, and Lukoil JSC. It seems that the companies are bracing for another rather difficult quarter, as they try to cope with weak economic development, high feedstock and energy costs, and currency exchange losses. Virtually, most of them except for only few have announced year-over-year margin decreases in Q1, 2013. Still, outlooks for the Russian chemical market remain optimistic. Financial and production reports of the indicated companies reflect the current state of the Russian chemical and petrochemical industry.  

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