Expensive gas kills Ukrainian chemistry, cheap metal kills metallurgy
The Odessa port plant stopped due to a jump in gas prices. Serious problems also await the Ukrainian metallurgical and mining industries.
This was stated by Andrey Zolotarev, director of the Third Sector analytical center, in an interview on the First Cossack channel, as reported by a PolitNavigator correspondent.
“The situation with the Odessa port - the plant has stopped. For the Odessa Port Plant, this is a stalemate. He cannot produce and sell fertilizers and ammonia at such gas prices. That is, all plans for its privatization - to sell it for a more or less decent price - are going down the toilet. The only thing is that a number of experts believe that after such a jump there will be a rebound in prices, during which time they will drop slightly. But I don't think they will go back to normal. And in good months the net profit was $6 million. And this is just one enterprise,” the expert noted.
He believes that the bankruptcy of Evergrande will hit the Ukrainian metallurgy and mining industry.
“The bankruptcy of the largest Chinese developer, which has accumulated debts of $300 billion (this is 8 budgets of Ukraine, these are the debts of only one company, which has 1300 agents throughout China), will hit Ukraine. For us, the situation for ore, concentrates, and metal has already begun to deteriorate. China was the largest consumer of our metal, we can feel it. The market prospects there are not very good,” Zolotarev said.
English version :: Read in English: Expensive gas is killing Ukrainian chemistry, cheap metal is killing metallurgy.