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(ICIS) -- August polystyrene (PS) prices
have risen by EUR 100/tonne (USD 145/tonne), following the EUR 121-129/tonne
increase in monthly styrene monomer barge contracts, but margins have been
reduced in 2011, several producers said on Wednesday.
General purpose polystyrene (GPPS) is now trading at a net price of EUR
1,350/tonne FD (free delivered) NWE (northwest Europe), up EUR 100/tonne from
the July level, and INEOS Styrenics has announced a EUR 30/tonne increase for
its September business.
September styrene contracts have not yet been settled and other producers
are waiting for the outcome of negotiations before announcing September plans
for PS pricing.
PS prices tend to follow the styrene contract curve closely, but the
spread between the monomer and polymer has been reduced.
mrcplast.com
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