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 October shipments on higher feedstock costs, said the company.
Thus, the price of the company's EPS grades went up by 5 cents/pound (cts/lb) or USD110/tonne, effective 1 October, 2021 or as contracts allow.
Escalating feedstock costs necessitated this adjustment of Epsilyte's October prices.
As MRC reported earlier, Epsilyte increased its September 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, prices of Russian EPS remained steady last week. Spot prices of Russian material were at Rb188,000-205,000/tonne CPT Moscow, including VAT. Some market participants continued to report a shortage of EPS in the domestic market. Demand for material was strong.
Epsilyte is owned by private equity firm Balmoral Funds (Los Angeles, California). Epsilyte is one of North America’s 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.
MRC