March 9 (plasteurope) -- The wave of price increases for polystyrene continues, following the settlement of the styrene monomer contract for March EUR 42/t higher. In the latest announcement, Ineos Nova said that, effective immediately, it will increase its prices for general purpose polystyrene (GPPS) by EUR 60/t, and the high-impact (HIPS) grades will see a EUR 70/t hike.
The Swiss producer, which cited the need to ⌠restore margins back to a sustainable level, last increased prices for PS in January.
Ineos is a petrochemical group.
In Russia Ineos's interests are represented by Ineos Polyolefins and IneosChlorVinyls.
The share in the Russian market in 2008:
PVC - 4.5%;
polyethylene - 1.9%
(HDPE - 2.8%, LDPE - 1.2%);
polypropylene - 1.4%
(PP-random - 22.1%, PP-impact - 2.0%);
polystyrene - 0.9%.
Imports by polymers processing technologies:
profile extrusion;
pipe extrusion;
film extrusion;
injection molding.