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Gazprom neftkehim Salavat reduces November PS prices for Russian market

November 07/2019

MOSCOW (MRC) -- Gazprom neftekhim Salavat, one of Russia"s largest production complexes for oil refining and petrochemicals, reduces its November selling polystyrene (PS) prices for Russian buyers, according to ICIS-MRC Price report.

There was a shortage of general purpose polystyrene (GPPS) in the Russian PS market in late October, whereas the shortage was even more acute in the high impact polystyrene (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.

Meanwhile, Gazprom neftekhim Salavt reduced prices for its material by Rb2,000/tonne.

As reported earlier, Nizhnekamskneftekhim (NKNH, part of the TAIF group), also lowered its selling HIPS and GPPS prices for the Russian market by a similar amount.

OAO "Gazprom neftekhim Salavat" (formerly OAO "Salavatnefteorgsintez") is one of the leading petrochemical companies in Russia, carrying out a full cycle of processing hydrocarbon material. The list of products manufactured by the plant includes more than 140 items, including 76 grades of the main products: gasoline, diesel fuel, kerosene, fuel oil, toluene, solvent, liquefied gases, benzene, styrene, ethylbenzene, butyl alcohols, phthalic anhydride and plasticizers, polyethylene, polystyrenes, silica gels and zeolite catalysts, corrosion inhibitors, elemental sulfur, ammonia and urea, glycols and amines, a wide range of household products made of plastics, surfactants and much more.
Author:Margaret Volkova
Tags:PS, GPPS, HIPS, Gazprom neftekhim Salavat, Nizhnekamskneftekhim, Russia.
Category:General News
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