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Importers reduced PS shipments to Ukraine by 16% from January to October 2014

November 27/2014

MOSCOW (MRC) -- Imports of general purpose polystyrene (GPPS) and high impact polystyrene (HIPS) to the Ukrainian market decreased by 16% over the first ten months of 2014 and totalled 21,500 tonnes, according to ICIS-MRC ScanPlast report.

Market players said buying activity remained very low in the GPPS and HIPS markets in October. The overall October imports of GPPS and HIPS to Ukraine totalled 2,100 tonnes versus 2,500 tonnes in September.

Nizhnekamskneftekhim remained the main supplier of material for Ukrainian polystyrene (PS) converters. Imports of Russian GPPS and HIPS of Nizhnekamskneftekhim were 17,000 tonnes from January to October 2014, down by 300 tonnes year on year. Styrolution is the second largest PS supplier, its imports totalled 1,200 tonnes, down by 2 times year on year.

The military actions in the east of Ukraine and the general deterioration of macroeconomic figures in the economy have negatively affected the consumption of material. Stirol (Gorlovka), the only Ukrainian PS producer, continued to be idle. GPPS and HIPS were not produced in Ukraine. The plant will not resume its production this year. The plant is located in the disputed territory between the conflicting parties. The infrastructure in the region was significantly damaged, therefore, the launch of the plant in 2015 remains in question.
Author:Margaret Volkova
Tags:PS, GPPS, HIPS, Concern Stirol, Nizhnekamskneftekhim, Ukraine.
Category:General News
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