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Synthos reduces November GPPS and HIPS prices for Ukrainian buyers

November 15/2019

MOSCOW (MRC) --  Synthos SA, Poland"s largest petrochemical producer, has reduced its November offer prices of general purpose polystyrene (GPPS) and high impact polystyrene (HIPS) for the Ukrainian market, according to ICIS-MRC Price report.

Thus, this month" GPPS shipments to Ukrainian buyers will be done at EUR1,080-1,100/tonne FCA Oswiecim, excluding VAT, whereas Polish producer"s HIPS quantities will be sold in the region at EUR1,170-1,190/tonne, FCA Oswiecim, excluding VAT,  in November.

As reported earlier, Nizhnekamskneftekhim (NKNH, part of the TAIF group) significantly reduced its HIPS and GPPS shipments to the Ukrainian market in November. 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.

Synthos SA is one of the largest producers of petrochemical products in Poland and is the largest producer of emulsion rubbers in Europe. Besides, it is the third largest European EPS producer.
Author:Margaret Volkova
Tags:PS, GPPS, HIPS, Nizhnekamskneftekhim, Synthos, Poland, Russia, Ukraine.
Category:General News
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