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Penoplex rolls over October PS prices for Russian market in November

November 07/2019

MOSCOW (Market Report) -- Penoplex, Russia"s largest producer of foaming polystyrene (PS), has not raised its November selling prices of general purpose polystyrene (GPPS) for the Russian market, thus, rolling them over from October, according to ICIS-MRC Price report.

Thus, the company"s prices for November shipments will be in the range of Rb96,000-98,000/tonne, CPT Moscow, including VAT, this month.

Demand for material was strong, and the plant"s entire future monthly output was distributed among customers over the course of one day.

As reported earlier, Penoplex raised its October selling GPPS prices by Rb2,000/tonne for Russian buyers.

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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