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PS consumption in Ukraine increased by 25% in January 2014

February 21/2014
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.

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.

Demand for polystyrene and styrene plastics will improve in the coming months, helped by the seasonal increase in activity and production rates.
Author:Anna Larionova
Tags:PS, EPS, GPPS, HIPS, Concern Stirol, Ukraine.
Category:General News
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