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MOSCOW (MRC) -- Epsilyte (The
Woodlands, Texas) says it will raise its prices for all grades of expandable
polystyrene (EPS) by an additional 12 cents/pound (cts/lb) as of 1 March 2021,
or as contracts allow, due to continued increases in feedstock costs, said Chemweek.
The price hike is in
addition to a previously announced
increase, also due to be implemented on 1 March, of 5 cts/lb. The EPS
producer says the total increase of 17 cts/lb “is necessary to keep pace with
rapidly escalating feedstock costs.” It also implemented price rises in January
and February for the same reasons.
EPS demand has remained strong in
recent months amid strong demand from construction and foam food packaging
applications.
EPS is a rigid form of polystyrene (PS) used in insulation
foams for the construction industry as well as for packaging.
As per MRC,
Epsilyte (Woodlands, Texas) increased prices by 4 cents per pound (USD88 per
tonne) from February 1 on all PSV-S grades in North America. In January, the
company raised PSV-S prices by 6 cents per pound.
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.
Major North American producers of
EPS include Styropek, EPSilyte, Styrochem, Nexkemia and Dart Polymers. |
