MOSCOW (MRC)--SIBUR-Khimprom has sharply reduced its December expandable polystyrene (EPS) prices for contract buyers in the Russian market, according to ICIS-MRC Price report.
The decrease stood at Russian rubles (Rb) Rb6,000/tonne ($94.42/tonne).
Overall, December prices for material of Russia’s main EPS producer were at Rb97,000-103,000/tonne CPT (carriage paid to) Moscow, including VAT, this month. Prices were last at this level in late 2014-early 2015.
At the same time, demand was either moderate or weak in the Russian EPS market. Some market participants reported a noticeable decrease in activity in the EPS market in the previous weeks.
($1 = 6Rb63.55)
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.