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Russian polystyrene prices in February grew by 3.000-4.000 RUB/t

February 02/2011

MOSCOW (MRC) -- Along with growing price for raw materials in the world markets Russian producers of polystyrene (PS) jacked up the prices by 3000 Ц 4000 RUB/t, according to MRC analysts. 

On Monday the world prices for oil exceeded $ 100/bbl for the first time from October 2008. The reason for this is the political crisis in Egypt which may affect oil supplies, performed through Suez Canal and Suez-Mediterranean oil pipe line. Flow capacities of the pipe line equal 2 mln bbl/day.

Against growing prices for oil the volumes of crude oil refining in Asia remain stable which allows to sustain the prices on a considerably high level. The growth of prices for raw materials as well as benzene production suspension at one of the South Korean enterprises affected the growth of styrene prices in the world markets by $100-170/t.

In January in the Russian market the price for polystyrene remained on the level of last December due to warehouses stocks. But under the pressure of growing price for PS in the world markets, Russian producers raised the prices for February supplies by 3000-4000 RUB/t.

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