MOSCOW (MRC) -- Major suppliers of expandable polystyrene (EPS) to Ukraine keep their price offers for May shipments at April's level, according to MRC Price report.
Thus, the Ukrainian producer Concern Stirol (Gorlovka) has kept its quotation at UAH19,300-19,400/tonne, FCA.
Russian producer SIBUR-Khimprom has also retained its previous price offer for May shipments, which amounted to USD2,000/tonne FCA Perm. In the Ukrainian market, the price of Perm Alphapor is UAH21,000/tonne with downward and upward deviations depending on quantities of material and terms of payment.
Meantime, the Polish producer Synthos has set its price offer at EUR1,460/tonne FCA. In April the value of the Polish polystyrene ranged EUR1,470-1,570/tonne FCA. However, given the current price of material, Ukrainian companies might resume procurement of Polish EPS only with a suitable exchange rate, which increases the probability of purchases on the residual basis.
In early May, Asian EPS producers reduced their price offer to USD1,940-1,950/tonne CIF Odessa. However, already in the middle of the month, Asian EPS quotations returned to its previous level, namely, USD1,970-1,990/tonne CIF Odessa. The price of material is expected to continue to grow in the coming weeks on the back of positive expectations regarding demand for EPS in the Asian region.
MRC