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EPS prices in Russian market continue to go down following lower prices in Asia

November 27/2019

MOSCOW (MRC) -- The on-going price reduction in the Asian market has been putting a downward pressure on the future prices of Russian expandable polystyrene (EPS) market not only in December but also in January, according to ICIS-MRC Price report.

Russian EPS producers said prices would be adjusted substantially.

At the same time, according to some market participants" preliminary estimates, the capacity of the Russian EPS market will decrease by 1-2% this year.

As reported earlier, SIBUR-Khimprom reduced its EPS prices for November shipments to the Russian market. Thus, the decrease was Rb2,000/tonne. Also, Plastik (Uzlovaya), the Russian producer of ABS plastics and suspension polystyrenes (PS), also reduced its November selling EPS prices for the Russian market to Rb100,500-105,000/tonne CPT Moscow, including VAT.
Author:Margaret Volkova
Tags:PS, EPS, SIBUR-Khimprom, Plastik, Uzlovaya, Russia.
Category:General News
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