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Epsilyte raises November EPS prices on higher feedstock costs

October 27/2021

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

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

Escalating cost pressure felt throughout the supply chain, including raw materials, commodities, and logistics, necessitate this adjustment.

As MRC reported earlier, Epsilyte increased its Octomber 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, demand for EPS was moderate-to-good from converters. A seasonal decline in demand for material is expected as early as next month. Prices of SIBUR-Khimprom's material were in the range of Rb195,000-205,000/tonne CPT Moscow, including VAT, this month. Plastik, Uzlovaya's material was offered at an average of Rb188,000-190,000/tonne CPT Moscow, including VAT.

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:North America, PS, EPS, Epsilyte.
Category:General News
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