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Nizhnekamskneftekhim significantly reduced September PS shipments to Ukraine

September 09/2019

MOSCOW (MRC) -- Nizhnekamskneftekhim (NKNH, part of the TAIF group) reduced quantities of Ukrainian buyers" pre-orders for the current month by 2-3 times, according to ICIS-MRC Price report.

On the back of this, the current shortage of polystyrene (PS) is expected to remain in the domestic market. Besides, the deficit might intensify by the end of the month, which can lead to an acute shortage of material.

Stocks at PS sellers" warehouses are expected fall drastically in September. Some traders hold back material in anticipation of the development of the situation in the Ukrainian PS market.

As reported earlier, Nizhnekamskneftekhim announced an increase in PS prices for September deliveries to Ukraine. Nizhnekamskneftekhim shipped general purpose polystyrene (GPPS) to the region at USD1,130/tonne FCA Nizhnekamsk, including VAT, and high impact polystyrene (HIPS) - at USD1,190/tonne FCA Nizhnekamsk, including VAT, this month.
Author:Margaret Volkova
Tags:PS, GPPS, HIPS, Nizhnekamskneftekhim, Russia, Ukraine.
Category:General News
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