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Russian export duties on BTX to continue rising in January: ministry

London — Russian export duties on benzene, toluene and xylenes are set to increase in January for a fifth consecutive month, according to the information published on the website of the Economy Ministry Tuesday.

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The duties will increase by 6% month on month to $33.40/mt.

The duties will remain at 30% of the crude export duty, the same proportion as in 2017.

Export duties on crude are set to rise to $111.40/mt in January.

Export duties for some sorts of crude -- from Eastern Siberia and Caspian sea fields -- and certain refined products, such as ethane and butane, will remain at zero next month. These have remained at zero since January 2015.

Naphtha export duties will be set at $61.20/mt.

--Maria Tsay, maria.tsay@spglobal.com
--Edited by Jonathan Fox, jonathan.fox@spglobal.com