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A shortage of HIPS remains in Ukrainian market in December

December 12/2019

MOSCOW (MRC) -- A shortage of high impact polystyrene (HIPS) remained in the Ukrainian polystyrene (PS) market in December, according to ICIS-MRC Price report.

Meanwhile, the general purpose polystyrene (GPPS) market is balanced.

The market is expected to stabilize in the second half of the month after the arrival of Iranian and Nizhnekamskneftekhim"s HIPS. Traders did not have Nizhnekamskneftekhim"s PS in early December.

Nizhnekamskneftekhim will ship limited quantities of material to traders this month. The Russian producer"s GPPS prices were reduced to USD1,100/tonne FCA Nizhnekamsk, including VAT, whereas HIPS prices dropped to USD1,160/tonne FCA Nizhnekamsk, including VAT.
Author:Margaret Volkova
Tags:PS, GPPS, HIPS, Nizhnekamskneftekhim, Iran, Russia, Ukraine.
Category:General News
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