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Epsilyte hikes EPS prices for second consecutive month

January 15/2021

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 Уis necessary based on the need for the business to achieve reinvestment economics,Ф 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).
Author:Anna Larionova
Tags:PS, EPS.
Category:General News
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