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Nizhnekamskneftkehim reduces November PS prices for Russian market

November 06/2019

MOSCOW (MRC) -- Nizhnekamskneftekhim (part of the TAIF group) has reduced its November 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.

There was a shortage of GPPS in the Russian polystyrene (PS) market in late October, whereas the shortage was even more acute in the HIPS market. On the back of this, some market participants expected  October prices of Russian PS to roll over for November, despite the price pressure from foreign markets.

However, prices of Nizhnekamskneftekhim"s material dropped by Rb2,000/tonne in November. Thus, prices of its GPPS for injection moulding and extrusion will be 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, in November, whereas HIPS prices will be at Rb95,500-100,500/tonne CPT Moscow, including VAT.

As reported earlier, Nizhnekamskneftekhim raised its October PS prices for the Russian market by Rb2,000/tonne. The on-going shortage of PS in the Russian market was the main reason for the increase.

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, injection moulding, other extrusion, Nizhnekamskneftekhim, Russia.
Category:General News
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