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Ineos Nova sold out of Europe polystyrene for April

April 28/2010

LONDON (ICIS news)--Ineos Nova has sold out of European polystyrene (PS) for April and is already reporting a strong order book for May, Pierre Minguet, business director for PS, said on Tuesday.


Demand is increasing, particularly in XPS [expanded PS]. Things are not super rosy but they are definitely improving and the order book for May is already strong today, he said. We will be able to supply all our customers, but availability is tight, he added.


The current styrene spot price was leading to some concern among PS producers who had earlier been expecting a rollover for the styrene contract in May. We now think we might be facing an increase in May [styrene], said another major PS producer, and this will inevitably translate into higher prices for PS.


One major PS buyer said that it would probably have to accept an increase if the May styrene contract rose, as supply in the PS market had been matched with demand for many months, and that there was limited room for negotiation.

Ineos Nova sold out of Europe polystyrene for April

MRC Reference

Ineos is a petrochemical group.
In Russia  Ineoss interests are represented by  Ineos Polyolefins and  IneosChlorVinyls.


The share in the Russian market in 2008:
 PVC - 4.5%;

 polyethylene - 1.9%
 (HDPE - 2.8%, LDPE 1.2%);
 polypropylene - 1.4%
(PP-random 22.1%, PP-impact - 2.0%);
 polystyrene 0.9%.


Imports by polymers processing technologies:
 profile extrusion;
 pipe extrusion;
 film extrusion;  
 injection molding.

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