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SIBUR-Khimprom sharply reduces December EPS prices for Russian market

December 10/2019

MOSCOW (MRC) -- SIBUR-Khimprom has sharply reduced its December expandable polystyrene (EPS) prices for contract buyers in the Russian market, according to ICIS-MRC Price report.

Thus, the decrease was Rb6,000/tonne.

Overall, December prices for material of Russia"s main EPS producer were at Rb97,000-103,000/tonne CPT Moscow, including VAT, this month.

Thus, domestic prices have gone down to a minimum for the past five years. Prices were at this level in late 2014-early 2015.

At the same time, demand was either moderate or weak in the Russian EPS market. Some market participants reported a noticeable decrease in activity in the EPS market in the previous weeks.

SIBUR-Khimprom (part of SIBUR Holding) specializes in the processing of liquid hydrocarbons and is one of the leading Russian producers of a number of the most important petrochemical products. The company has three main production capacities: production of butyl alcohols and 2-ethylhexanol with a capacity of 160,000 tonnes per year, production of ethylbenzene (220,000 tonnes per year), styrene monomer (SM) production  (135,000 tonnes per year) and polystyrene (PS) production (100,000 tonnes per year), ethylene and propylene unit, production of eco-friendly plasticizer DOTF (100,000 tonnes per year).
Author:Margaret Volkova
Tags:PS, EPS, SIBUR-Khimprom, Russia.
Category:General News
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