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Nizhnekamskneftekhim raises September PS prices by Rb2,000/tonne for Russian market

September 10/2019

MOSCOW (MRC) -- Nizhnekamskneftekhim (part of the TAIF group) has increased its September selling prices of high impact polystyrene (HIPS) and general purpose polystyrene (GPPS) by Rb2,000/tonne for most Russian buyers, according to ICIS-MRC Price report.

However, some market participants reported a roll-over of prices. But all the interviewed largest buyers reported this month"s price increase.

Amid the deficit of polystyrene (PS), selling prices of a number of sellers rose by more than Rb2,000/tonne.

Thus, September prices of Nizhnekamskneftekhim"s GPPS for injection moulding and extrusion were in the range of Rb90,500-95,500/tonne CPT Moscow, including VAT, and for foaming - at Rb88,500-93,000/tonne CPT Moscow, including VAT, whereas HIPS prices were at Rb95,500-100,500/tonne CPT Moscow, including VAT.

PJSC "Nizhnekamskneftekhim" (NKNK) - one of the largest Russian manufacturers of petrochemical products. The industrial complex of the company includes ten major production plants and ten departments (Railway Transport, Ethylene trunk, etc..). NKNKh produces more than 120 types of chemical products, including synthetic rubber, polyethylene, polypropylene, polystyrene, surfactants. Nizhnekamskneftekhim is a member of TAIF Group of Companies.
Author:Margaret Volkova
Tags:PS, GPPS, HIPS, Nizhnekamskneftekhim, Russia.
Category:General News
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