MOSCOW (MRC) -- The shutdown of Synthos' three Czech plants will not affect shipments of expandable polystyrene (EPS) to Ukrainian customers, said MRC analysts.
As MRC reported earlier, the Polish chemical producer Synthos stopped operations at its three plants in the Czech Republic due to the risk of flooding of the pump station at the river Vltava.
In 2012, Synthos was among the three largest suppliers of EPS to the Ukrainian market. Despite the scale of the disaster in Central Europe, EPS shipments to the Ukrainian market will not be affected in June 2013. The plants are located in the Polish Oswiecim, whose territory was not exposed to the negative effects of the disaster.
Since the beginning of the year, supplies of Synthos' EPS were reduced because of the general passivity of the Ukrainian market in January-April 2013. However, Ukrainian consumers bacame active in May and resumed purchases of Polish EPS, to which favorable prices of the producer contributed a great deal. Market participants expect to receive prices for June shipments June this week.
Synthos SA is one of the largest producers of chemicals in Poland. It is also the Europe's largest producer of emulsion rubber and the third largest manufacturer of expandable polystyrene.
MRC