05 May 2011 16:33 [Source: ICIS news]
LONDON (ICIS)--Poland’s Synthos should achieve a big improvement in polystyrene (PS) margins this year but its expandable polystyrene (EPS) margins are set to remain flat unless there is a sustained surge in the construction segment, Erste bank said on Thursday.
Market data on styrenics indicated a mixed environment, added Erste analyst Tomasz Kasowicz.
“Contrary to the EPS market, the PS market in ?xml:namespace>
However, Kasowicz added there were signs of uplift in the construction market which could significantly improve EPS margins.
Erste predicted that the PS product/feedstock margin for the company's Polish subsidiary, Synthos Dwory, would be €775/tonne ($1,157/tonne) for 2011 against €483/tonne in 2010, while the PS product/feedstock margin for its subsidiary located in the
For EPS, the bank forecast the product/feedstock margin for Synthos Dwory would amount to €546/tonne in 2011 versus €504/tonne in 2010 and for Synthos Kralupy it would edge up to €557/tonne in 2011 from €540/tonne in 2010.
Erste expected Synthos to sell 125,000 tonnes of PS and 154,000 tonnes of EPS in 2011.
($1 = £0.67, €1 = £0.90)
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