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BASF: PS price reduction follows lower SM contract

September 07/2009

August, 25 (Pudaily) -- On the heels of the EUR 84/t decline in the cost of styrene monomer (SM), BASF (Ludwigshafen / Germany; www.basf.com) has lowered its European gross market price for general purpose polystyrene (GPPS, bulk) by EUR 25/t. The chemicals giant announced the lower price, retroactive to 1 September 2009, on its plastics portal.

Herbert Fietzek, director business management commodities, said that the retained difference in the two price levels will be used to improve BASF’s sharply eroded margins on the business.

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       MRC Reference

BASF. The share in the Russian market in 2008:
 PS - 9.1% (GPPS - 5.9%, ABS - 11.4%, EPS - 10.6%).

 

Annual sales growth in Russia over the 5 years:
 PS - 15%.

 

Imports by polymers processing technologies:
 foaming;
 injection molding.


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