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Nizhnekamskneftekhim significantly reduced November PS shipments to Ukraine

November 13/2019

MOSCOW (MRC) -- Nizhnekamskneftekhim (part of the TAIF group) significantly reduced its shipments of high impact polystyrene (HIPS) and general purpose polystyrene (GPPS) to the Ukrainian market in November, according to ICIS-MRC Price report.

Thus, some market participants said the plant would not ship HIPS and GPPS to Ukrainian traders.

Moreover, a major increase in available quantities for Ukrainian buyers are not expected in December either.

An acute shortage of HIPS still remained in the Ukrainian polystyrene (PS) market, traders had available quantities of GPPS.

Due to the current situation, some market participants intend to start purchasing material from Turkey along with Iranian PS.

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, Nizhnekamskneftekhim, Iran, Russia, Turkey.
Category:General News
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