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Styron confirms contract pricing settlement for PS

May 15/2012
(styron) -- Styron Europe GmbH announced that it has been able to settle prices for 90% of its PS EMEA monthly negotiated business within the first 10 days following its recent proposal for changing pricing settlement.
This will bring the European Polystyrene pricing process in line with other regions and polymers.
"Following our proposal for an improved pricing process for polystyrene, we are pleased to see that 90% of our PS EMEA negotiations for the month of May has already been settled. In addition, it is encouraging that most of our customers saw the benefits of this early month settlement and have made the necessary efforts to align to this accordingly", said Paul Moyer, Styron's Vice President and General Manager for Plastics. "We obviously recognize that the new practice is not fully operational and that it will take time for the industry to adopt this progressively but this result brings us one step closer to our goal of bringing more clarity and consistency on polystyrene pricing in the future."
Styron is committed to the proposed change for pricing settlement because it will provide improved visibility and timely information to facilitate decision making for both buyers and sellers during the month of delivery, particularly when it comes to managing volumes, financials and production.
Author:Anna Larionova
Category:General News
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