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MOSCOW (MRC) -- Buyers
of Nizhnekamskneftekhim and Penoplex"s general purpose polystyrene
(GPPS) and high impact polystyrene (HIPS) reported an increase in prices,
according to ICIS-MRC Price
report.
Buyers of Nizhnekamskneftekhim"s polystyrene (PS) in the
market reported an increase of Rb2,300-2,500/tonne, including VAT, in prices for
July shipments.
Spot prices of Kirishi GPPS rose by
Rb1,000/tone, including VAT. Penoplex reduced shipments to the spot
market.
Market players said they also expected Gazprom neftekhim
Salavat"s GPPS and HIPS prices to go up. At the same time, some buyers
reported a shortage of GPPS in the spot market. Demand for HIPS was
stable.
Some market players predict an even greater shortage of GPPS
in the second half of July. Producers said they also anticipate a deficit
in the styrene monomer (SM) market, which will be caused by scheduled
outages at SM and PS plants in Russia. Gazprom neftekhim Salavat shut down
its SM production on 23 June. Maintenance works at the Salavat plant"s
SM production will last until 23 July. Then the plant
will shut donw its GPPS production. SIBUR-Khimprom is expected to shut down
its SM production in August. The turnaround will last for a
month. |
