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EPS producers in North America announced price increases

December 21/2011

(ICIS) -- North American expandable polystyrene (EPS) producers have announced price increases of between 46 cents/lb (USD88132/tonne, EUR68102/tonne) for mid-January, based on higher feedstock prices and other costs, sources said on Tuesday.

Current US EPS prices are in the range of 8492 cents/lb for block and package material. Current Mexican EPS prices are in the range of 103105 cents/lb for block material and 101103 cents/lb for package material, as assessed by ICIS.

NOVA Chemicals announced a price increase of 4 cents/lb for non-modified EPS grades that don't include a flame retardant and 6 cents/lb for modified EPS grades that use a flame retardant, with both increases effective on 15 January, sources said.

Mexico EPS producer Polioles, which on Monday announced a 2 cent/lb increase in the differential between modified and non-modified EPS, on Tuesday came out with an additional announcement of a 4 cent/lb increase for all grades effective on 16 January, according to a customer letter obtained by ICIS.
Other North American producers were expected to follow with similar price increase announcements.

The increase for non-modified EPS is related to recent higher prices for feedstock benzene. While contract benzene settled down by 15 cents/gal to USD3/gal in December, spot benzene price discussions for January rose as high as USD3.66/gal on Monday. The increase for modified EPS is based on higher costs for the flame retardant hexabromocyclododecane (HBCD).

Major North American EPS producers are BASF, NOVA Chemicals, Flint Hills Resources, Styrochem, Nexkemia, Idesa and Polioles.

Author:Marina Ivanova
Category:General News
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