MOSCOW (MRC) -- Styron, the global materials company and manufacturer of plastics, latex and rubber, and its affiliate companies in Europe has announced price increases for all polystyrene (PS) grades, reported the company on its site.
Effective immediately, or as existing contract terms allow, the November contract and spot prices for the products listed below will increase as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - each by EUR10 per metric tonne;
- the prices for MAGNUM ABS resins and TYRIL SAN resins will roll over from October.
As MRC informed previously, Styron has announced price increases for all PS and copolymer grades in October 2014. The October contract and spot prices for the products listed below were increased as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR20/tonne;
- MAGNUM ABS resins - by EUR30/tonne;
- TYRIL SAN resins - by EUR30/tonne.
The price increase responds to the rising costs of raw materials associated with the manufacturing of polystyrene and copolymers grades in Europe.
Styron is a leading global materials company and manufacturer of plastics, latex and rubber, dedicated to collaborating with customers to deliver innovative and sustainable solutions. StyronпїЅs technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Styron had approximately USD5.3 billion in revenue in 2013, with 19 manufacturing sites around the world.
MRC