Major polystyrene MiddleEast prices
Major PS supplier in the Middle East lowered June PS prices in the region Major polystyrene MiddleEast prices
MOSCOW – A large supplier of polystyrene (PS) in the Middle East has reduced its PS offer for June deliveries to the countries of the Persian Gulf by USD10-50 per tonne, ICIS reported.
In particular, the regional supplier lowered its June price proposals for general purpose polystyrene (PSV-C) for the Persian Gulf countries (GCC) by USD10 per ton from the previous level to about USD1,330 per ton, DEL. This level is equivalent to the price of USD1,300, CFR GCC.Major polystyrene MiddleEast prices
The proposals of high impact polystyrene (UPS / M) were voiced lower by USD30-50 per ton compared to the level of last month and amounted to USD1 360 per ton, DEL, which is equivalent to the price of USD1 330 per ton, CFR GCC.
Earlier, this supplier announced June quotes for the Eastern Mediterranean region, where the decline was USD20-30 per ton.
The demand for material during the Eid-al-Fitr holiday has decreased, and most of the market participants have not yet returned to the market after the holiday season.
According to the ICIS-MRC Price Review , Russian plants have reduced the cost of PS in the current month under pressure from foreign markets and declining cost of raw materials. For most market participants, a sharp decline in the cost of the polymer was unexpected. The market leader, Nizhnekamskneftekhim, has reduced the cost of polymer by a larger amount than other plants.Major polystyrene MiddleEast prices
Author: Margarita Volkova