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Epsilyte raises May EPS prices on higher feedstock costs

May 07/2021

MOSCOW (MRC) -- Epsilyte (The Woodlands, Texas), a leading North American producer of Expandable Polystyrene (EPS), has announced a rise in its prices for all EPS grades for May shipments, said the company.

The price of the company's EPS grades increased by 8 cents/pound (cts/lb) or USD176/tonne, effective 1 May, 2021 or as contracts permit.

The present adjustment is necessary to keep pace with escalating feedstock costs.

As MRC reported earlier, Epsilyte raised its April EPS prices in the region by 10 cts/lb or USD220/tonne.

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, at the end of last week, Plastik, Uzlovaya announced a roll-over of its EPS prices at Rb158,000-160,000/tonne CPT Moscow, including VAT. The producer said customers did not accept high prices of material, therefore, the current prices of material might be reduced after the holidays.

At the same time, prices for SIBUR-Khimprom's material were in the range of Rb157,000-165,000/tonne CPT Moscow, including VAT, at the beginning of the month.

Epsilyte is owned by private equity firm Balmoral Funds (Los Angeles, California).
Author:Margaret Volkova
Tags:North America, PS, EPS, construction, packaging, Epsilyte, Plastik, Uzlovaya, Sibur-Khimprom, Russia.
Category:General News
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