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The price of the Russian polystyrene grew in March

March 07/2012

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, scow, 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, scow.

The price quotation for PS produced by Gazprom neftekhim Salavat  grew on average by Rb1,000/tonne: GPPS is offered for Rb61,500-62,000/tonne, VAT included, scow, natural HIPS is traded for Rb62,000-63,000/tonne, VAT included, scow.

PGProf set the price quotation fro GPPS starting from Rb66,000/tonne, FCA irishi. The offer of the material in spot is still low, since the main volumes of the material are processed at Penoplex.

Author:Marina Ivanova
Tags:PS, GPPS, HIPS, Nizhnekamskneftechem.
Category:General News
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