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Penoplex raises October EPS prices for Russian market

October 08/2019

MOSCOW (Market Report) -- Penoplex, Russia"s largest producer of foaming polystyrene (PS), has raised its October selling prices of general purpose polystyrene (GPPS) by Rb2,000/tonne for the Russian market, according to ICIS-MRC Price report.

Thus, the company"s prices for October shipments rose to Rb96,000-98,000/tonne, CPT Moscow, including VAT.

Demand for material is currently strong in the Russian market, and all available October quantities were quickly allocated among buyers within one-two days.

As reported earlier, Penoplex resumed GPPS production at its Kirishi plant on 13-14 September. This plant with a capacity of 50,000 tonnes of GPPS per year was shut for maintenance on 5 August 2019.

Penoplex is a large Russian producer of polymer-based building and decorative materials. The company began its activity in 1998 with the launch of Russia"s first line for the production of heat-insulating materials from extruded polystyrene foam under the PENOPLEX trademark. The company has eight production sites, seven of which are located in Russia and one - in the Republic of Kazakhstan (Almaty region), with a total production capacity of 4 million cubic metres.
Author:Margaret Volkova
Tags:PS, GPPS, Penoplex-Kirishy, Russia.
Category:General News
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