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Styron changes the timing in European polystyrene contract pricing

March 21/2012

(plasteurope) -- In a move aimed at improving the way the current polystyrene price is settled a process it says "presents a number of inefficiencies ranging from incorrect pricing to time-consuming accounting adjustments" Styron Europe (Horgen / Switzerland) has proposed that the monthly PS price be fixed in the first week of each month and no later than the 10th working day. 

Europe sales manager Murat Orhon said that, In the past three years the contracts were mostly fixed only at months end. Under present practices orders are placed and delivered before the PS contract has been fixed."
Author:Anna Larionova
Category:General News
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