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MOSCOW (MRC) -- Russian producers increased the
quotation of polystyrene (PS) by rouble (Rb) 1,000-2,000/tonne fro March
deliveries, according to MRC analysts. From the year start, there has been
a stable demand from converters in the Russian market of PS. In January the
market players fulfilled their inventories as required while in February the
fears appeared as for a probable serious price hike following the European
producers. Converters made additional inventories.
In the European market PS price had grown twice – in January and February
hat was caused by the growth of feedstock. Over the two months, the European
producers’ price quotation for PS
grew by EUR160-200/tonne.
Within January-February 2012, Russian producers kept the price quotation
at the level of the end of 2011 with insignificant changes. As of late February
2012, the price for Nizhnekamsk GPPS made Rb64,000-66,000/tonne, VAT included,
ÑÐÒ Ìîscow, and the price for HIPS was within Rb67,000-68,000/tonne.
The price for March deliveries of Nizhnekamsk PS grew on average by
Rb2,000/tonne, as a result GPPS price reached Rb66,000-68,000/tonne, and HIPS
price made Rb69,000-71,000/tonne, VAT included, ÑÐÒ Ìîscow.
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