PS consumption in Ukraine increased by 25% in January 2014 |
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MOSCOW (MRC) - Demand for polystyrene (PS) and
styrene plastics in Ukraine grew to 3,400 tonnes in January 2014, up 25% from
January 2013, according to MRC Monthly Report.
Buying activity in PS
market increased in January because converters aimed to build up their
inventories anticipating price rise in the foreign markets and a sharp
devaluation of the hryvnia.
Many companies said despite the decline in
the activity in the market of finished goods they feared a rise in PS prices,
that is why they had increased their purchases.
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Because of strong demand in the domestic market in
January, Stirol shipped general purpose polystyrene (GPPS) practically to the
domestic market only. Sources at the plant also reported a strong demand for
Ukrainian expandable polystyrene (EPS) and GPPS this year. However, the producer
did not meet the demand because of emty stock inventories and low production
rates.
As reported previously, January imports of polystyrene and
styrene plastics to Ukraine was 3,100 tonnes, down 2% from January
2013.
However, imports of expandable polystyrene (EPS), on the contrary,
increased to 1,100 tonnes in January 2014, down 81% from January 2013.
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Demand for polystyrene and styrene
plastics will improve in the coming months, helped by the seasonal increase in
activity and production rates.
mrcplast.com | |
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