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Shortage of GPPS and HIPS remained in Russian PS market in October

October 15/2019

MOSCOW (MRC) -- A shortage of Russian general purpose polystyrene (GPPS) and high impact polystyrene (HIPS) has remained in the Russian market, according to ICIS-MRC Price report.

October is traditionally a season of stronger demand for polystyrene (PS) and finished products in Russia.

Large-sized buyers are generally provided with material according to their needs, whereas small-sized customers often have to reserve free quantities for delivery to be done in two weeks.

Meantime, Penoplex and Gazprom neftekhim Salavat producers did not have free PS quantities.

As reported earlier, Russian plants reduced their GPPS and HIPS output in August 2019 by 19% year on year to 27,280 tonnes. This figure was at 33,5400 tonnes in August 2018.
Author:Margaret Volkova
Tags:PS, GPPS, HIPS, Gazprom neftekhim Salavat, Penoplex-Kirishy, Russia.
Category:General News
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