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Epsilyte raises August EPS prices on higher feedstock costs

July 26/2021

MOSCOW (MRC) -- Epsilyte (The Woodlands, Texas), a leading North American producer of expandable polystyrene (EPS), has announced an increase in its prices for all EPS grades for August shipments on higher feedstock costs, said the company.

Thus, the price of the company's EPS grades will go up by 5 cents/pound (cts/lb) or USD110/tonne, effective 1 August, 2021 or as contracts allow.

Rising feedstock costs, along with current EPS supply and demand dynamics, necessitate this adjustment.

As MRC reported earlier, Epsilyte cut its July EPS prices in the region by 9 cts/lb or USD198/tonne.

EPS is a rigid form of polystyrene (PS) used in insulation foams for the construction industry as well as for packaging.

According to ICIS-MRC Price report, prices of Russian EPS remained steady last week. Prices of spot quantities of Russian material were at Rb175,000-180,000/tonne CPT Moscow, including VAT. EPS producers have not announced next month's price adjustments yet.

Epsilyte is owned by private equity firm Balmoral Funds (Los Angeles, California). Epsilyte is one of North Americas leading producers of expandable polystyrene resin. The company is focused on solving customer needs for efficient, high-R value EPS. This includes reducing energy usage in buildings, ensuring safe and healthy food through innovative packaging technology, and participating in infrastructure investment both in the United States and abroad.


mrcplast.com
Author:Margaret Volkova
Tags:North America, PS, benzene, EPS, styrene, Epsilyte.
Category:General News
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