MOSCOW (MRC) -- In the Ukrainian market, the cost of polystyrene (PS) will increase in February after a rise in quotations of such producers, as concern Stirol, Nizhnekamskneftekhim and SIBUR-Khimprom, according to MRC Price report.
In late January, representatives of concern Stirol (Gorlovka) announced an intention to increase the price offers for February. As per the preliminary information, the cost of expanded polystyrene in early February was at the level of UAH19,400-19,600/tonne. However, market participants admit the possibility of a price growth for the material in February.
Russia's largest PS producer Nizhnekamskneftekhim raised its prices by Rb2,000/tonne for Ukrainian companies for February. According to MRC data, in 2012, 35% of GPPS and 78% of HIPS consumption accounted for Nizhnekamsk material.
In January, the cost of the material was at the level of UAH20,000-20,300/tonne for GPPS and UAH20,400-20,900/tonne for HIPS. The cost of the material in the domestic market is expected to grow proportionally.
In late January, SIBUR-Khimprom (Perm) rose its quotation for February by USD70/tonne, as a result, the cost of Alphapor reached the level of USD1,970/tonne, FCA Perm. However, this week there was information that the cost of the material for the companies that had not concluded contracts yet would increase to USD2,050/tonne, FCA Perm. This increase is of the deferred nature, as the producer preserved prices in late 2012-early 2013, while the cost of the alternative - Asian - material has increased considerably.
MRC