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

October 04/2019

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

Thus, several major market participants said last Friday Nizhnekamskneftekhim"s selling prices would rise by Rb2,000/tonne in October.

The on-going shortage of PS in the Russian market was the main reason for the increase. All September quantities were reserved by customers, and most market participants did not manage to get additional material at the prices as of early September.

As reported earlier, Nizhnekamskneftekhim also raised September PS prices for the Russian market by 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.


mrcplast.com
Author:Margaret Volkova
Tags:PS, GPPS, HIPS, Nizhnekamskneftekhim, Russia.
Category:General News
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