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AmSty announces polystyrene price rise

February 26/2021

MOSCOW (MRC) -- Americas Styrenics (AmSty; Woodlands, Texas) has announced a price increase for all its grades of polystyrene (PS), effective as of 1 March 2021, said Chemweek.

The rise of 11 cents/pound (cts/lb) supersedes all other previously announced price changes, it says. AmSty increased its PS prices by 3 cts/lb on 1 February this year. No comment on the reason for the increase was given by the company, a 50/50 joint venture of CPChem and Trinseo.

As per MRC, with an end goal of keeping polystyrene products out of landfills through an innovative circular recycling process, AmSty is announcing its commitment that all products designed for foodservice and food packaging applications will contain 25 percent recycled content by 2030. The leading integrated producer of polystyrene and styrene monomer continues to reach milestones toward this goal with its circular recycling process operating commercially at Regenyx LLC, its joint venture with Agilyx Corporation.

Styrene is the main feestock for the production of polystyrene (PS).

According to MRC's ScanPlast report, Russia's estimated consumption of PS and styrene plastics totalled 454,990 tonnes in the first eleven months of 2020, which corresponds to the last year's figure. November estimated consumption of PS and styrene plastics grew by 4% year on year to 45,830 tonnes.

AmSty is a JV between Trinseo and Chevron Phillips Chemical (CPChem).
Author:Anna Larionova
Tags:PS, EPS, GPPS, styrene, HIPS.
Category:General News
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