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Gazprom neftekhim Salavat reduces December GPPS prices for Russian market by Rb3,000/tonne

December 05/2019

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

Thus, the decrease in this month"s prices of Gazprom neftekhim Salavat"s material was Rb3,000/tonne.

There were no available quantities of Gazprom neftekhim Salavat"s polystyrene (PS) last week.

As reported earlier, Penoplex, Russia"s largest producer of foaming PS, reduced its December selling GPPS Stairovit prices for the Russian market by Rb1,500/tonne from last month.

And Nizhnekamskneftekhim adopted a non-traditional approach to next month"s pricing amid lower prices of material in foreign markets. Thus, its December PS prices decreased by Rb3,000/tonne and they will roll over for January for those buyers that will contract PS quantities for two months in advance. For those buyers that will contract only December quantities, this month"s prices will be reduced by only Rb1,000/tonne.

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, Gazprom neftekhim Salavat, Nizhnekamskneftekhim, Penoplex-Kirishy, Russia.
Category:General News
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