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EPS imports to Russia down 43% in Q1 2016

April 12/2016

MOSCOW (MRC) -- Imports of expandable polystyrene (EPS) into Russia slumped in the first quarter of 2016 by 43% year on year, totalling 3,280 tonnes, according to MRC"s DataScope report.

Activity is traditionally low in the EPS market in the first two month of 2016, which affects the performance of the first quarter. Demand starts to grow in March every year and significantly increases in April with the onset of warm weather and the beginning of construction outdoor works, stronger demand from packaging producers. However, demand for imported grades was even weaker in early 2016. Traders said domestic consumers were purchasing Russian EPS.

In March, Chinese producer Loyal, Finnish Styrochem and German BASF accounted for the greatest imports in March.

In early April, traders reported a shortage of spot quantities of imported EPS. Despite small stocks of imported EPS, there was no acute shortage of quantities in the market. Traders said demand had been increasing seasonally. At the same time, domestic needs in Q1 were met by shipments of Russian EPS.
Author:Margaret Volkova
Tags:PS, EPS, construction, packaging, BASF, Loyal, Styrochem, Russia.
Category:General News
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