MOSCOW (Market Report) -- Penoplex, Russia's largest producer of foaming polystyrene (PS), has reduced its December selling prices of general purpose polystyrene (GPPS) Stairovit by Rb1,500/tonne for the Russian market, according to ICIS-MRC Price report.
Thus, the company's prices for December shipments will be in the range of Rb94,500-96,500/tonne, CPT Moscow, including VAT, this month.
Demand for December quantities was very strong in the market.
As reported earlier, Penoplex did not lower its November selling prices for Russian buyers, maintaining them at the level of October - R96,000-98,000/tonne CPT Moscow, including VAT.
Penoplex is a large Russian producer of polymer-based building and decorative materials. The company began its activity in 1998 with the launch of Russia's first line for the production of heat-insulating materials from extruded polystyrene foam under the PENOPLEX trademark. The company has eight production sites, seven of which are located in Russia and one - in the Republic of Kazakhstan (Almaty region), with a total production capacity of 4 million cubic metres.