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AmSty raises February PS prices

February 09/2021

MOSCOW (MRC) -- Americas Styrenics (AmSty; Woodlands, Texas), a 50/50 joint venture of CPChem and Trinseo, says it increased prices for all grades of polystyrene (PS) by US0.03 per pound, effective 1 February 2021, according to Chemweek.

The price rise supersedes all other previously announced price increases, it says.

No reason for the increase was given by the PS and styrene producer.

As MRC reported earlier, with an end goal of keeping polystyrene products out of landfills through an innovative circular recycling process, AmSty has recently announced its commitment that all products designed for foodservice and food packaging applications will contain 25 percent recycled content by 2030.

According to MRC's ScanPlast report, Russia's estimated consumption of PS and styrene plastics totalled 520,630 tonnes in 2020, which corresponded to the same figure a year earlier. December estimated consumption of PS and styrene plastics in Russia grew by 5% year on year to 47,490 tonnes.

AmSty is a JV between Trinseo and Chevron Phillips Chemical (CPChem).
Author:Margaret Volkova
Tags:PS, styrene, Americas Styrenics, Chevron Phillips, Trinseo (Styron), Russia, USA.
Category:General News
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