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MOSCOW (MRC) -- Expandable polystyrene
(EPS) resin producer Epsilyte (The Woodlands, Texas) is hiking prices for the
second month in a row for all grades of EPS by 4 cents/pound, effective 1
February 2021 or as contracts permit, said Chemweek.
The price rise “is necessary based on the need for the business to
achieve reinvestment economics,” it says. The company announced a price increase
in December on all its EPS grades, effective 1 January 2021, saying that rise
was necessary based on supply and demand dynamics, as well as the need for
reinvestment economics.
According to MRC's ScanPlast, in Russia, the
estimated consumption of PS and styrene plastics for the eleven months of 2020
amounted to 454.990 tonnes, which corresponds to the consumption indicator for
the same period last year. The estimated consumption of PS and styrene plastics
in the country in November increased by 4% compared to the same month of 2019
and amounted to 45,830 tonnes.
Epsilyte is owned by private equity firm
Balmoral Funds (Los Angeles, California). |
