MOSCOW (MRC) -- February spot polystyrene (PS) prices grew in the Ukrainian domestic market, following the next depreciation of the national currency, according to ICIS-MRC Price report.
On 5 February, The National Bank of Ukraine once again refused from holding the fixed indicative rate, and, therefore, the hryvnya exchange rate against the US dollar dropped from UAH17.99 to UAH25.92 from 5 February to 13 February. Traders raised their PS prices, following the fall in the national currency.
Prices of Nizhnekamskneftekhim's high impact polystyrene (HIPS) increased to UAH34,000-34,500/tonne CPT Kiev, including. Prices of Nizhnekamskneftekhim's general purpose polystyrene (GPPS) went up to UAH33,000-33,500/tonne CPT Kiev, including VAT. Prices of Russian material grew to UAH53,000-55,000/tonne CPT Kiev, including VAT, in the expandable polystyrene (EPS) market (at the same time, prices in dollar were reduced). Offer prices of Asian PS grades rose to UAH53,000-54,000/tonne CPT Kiev, including VAT.
Concern "Stirol" (Gorlovka, Donetsk region) is the only Ukrainian PS producer. The plant's nominal production capacity of HIPS and GPPS are 25,000 tonnes per year, whereas its EPS production capacity is 50,000 tonnes per year. "Stirol" has not produced PS since March 2014. The needs of the Ukrainian market have been fully met by imports, mainly, from Russia, for a year.
MRC