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US expandable polystyrene prices rose this week

September 14/2011

(ICIS) -- US expandable polystyrene (EPS) prices rose this week as September price increases found partial acceptance, market sources said on Tuesday. US EPS prices were assessed by ICIS at 91Ц98 cents/lb ($2,006-2,161/tonne, ?1,484-1,599/tonne) DEL (delivered) for block and package material, up 3 cents/lb from August prices.


Producers in the US had sought as much as 5 cents/lb, with BASF and NOVA seeking 5 cents/lb for modified or block EPS, which contains a flame retardant, and a 3 cent/lb increase for non-modified, or package EPS, effective 1 September.


Other producers, including Flint Hills Resources and Styrochem, announced a 5 cent/lb increase across the board, regardless of grade.


Initially, several producers had sought the increases on 15 August, but pushed the price hike back to 1 September to meet competitive situations. The price hike was related to the August contract price for feedstock benzene, which was up by 44 cents/gal from July.


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