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Epsilyte raises September EPS prices on higher feedstock costs and current EPS supply and demand

September 01/2021

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 September 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 September, 2021 or as contracts allow.

Higher operational and supply chain costs, along with current EPS supply and demand dynamics, necessitate this adjustment.

As MRC reported earlier, Epsilyte increased its August EPS prices in the region by the same amount.

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, in Russia, August prices for SIBUR-Khimprom and Plastk, Uzlobaya's material were in the range of Rb185,000-195,000/tonne CPT Moscow, including VAT. Russian plants' September prices still remained under negotiation, producers plan to announce them to market participants this week.

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.

Author:Margaret Volkova
Tags:PS, EPS, Epsilyte, USA.
Category:General News
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