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Expanded polystyrene market expecting new prices

February 24/2011

MOSCOW (MRC) -- As a result of considerable growth of EPS cost and low demand for the products made of EPS, companies reduced their purchases, according to MRC Price Forecasting

World quotations for April BRENT exceeded USD 110/bbls by the end of  23 February trading. Significant raw materials price hike resulted in growing price for oil refining products. In particular, in the European markets styrene cost grew by USD 110-130/t over the last month.

The current situation enforced polystyrene producers to increase material price to minimize the losses from the margin profit. On the other side, EPS prices grew more than by USD 120/t from the beginning of the year.

EPS purchasers appeared not ready for such increase in price for the material. Besides, low demand for finished goods made of EPS doesnt allow trading companies and converters to transfer the grown expenses for the final customer. In the present situation companies dont hurry to increase the volumes of purchases.

For the Russian companies the situation referring EPS purchases is quite tricky: companies split into two groups. One group took expective position concerning PS purchases while the other group is trying to contract the volumes of products for the present price expecting its further growing.

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