polystyrene prices in Asia fell, while in the Russian polystyrene prices show stability. Informs the MRC, based on information and data analyst firm ICIS.

Polystyrene prices in Asia this week fell against the backdrop of weak demand in the region. Although vendors have reduced the price, buyers are in no hurry to take advantage of their offer because they expect more concessions in the near future.

The proposals have been reduced by about $ 20 per ton to $ 1200 per tonne, CFR Asia this week, while the deals were mostly below this figure, CFR China.

One of the traders in Hong Kong reported on the transactions concluded at the level of $ 1 170-1 190 per tonne, CFR China.

Styrene monomer prices have fallen this week to $ 1050 per tonne, CFR China. Traders do not expect a revival of consumer activity in the near future, since end users do not create reserves, waiting for lower prices in the future.

Note that according to the price review ICIS-MRC, in Russia Polystyrene prices remained stable last week. Prices of Russian polystyrene production of “Gazprom Salavat neftekhim” and Penoplex not changed. Quotes for STS brand PSM-E Spot accounted for 103 000-104 000 rubles. per tonne, CPT Moscow, including VAT. Quotes production of high-impact brands STS amounted to 104 000-105 000 rubles. per tonne, CPT Moscow, including VAT.
Prices Nizhnekamsk UPS / M and MSS / M were announced not all buyers. According to sources, the company has raised prices for May shipment. According to the preliminary expectations of market players, the price increase will be 1 500-2 000 rubles. per ton.