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) and copolymer grades, reported the company on its site.
Effective immediately, or as existing contract terms allow, the October 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) - 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.
As MRC informed earlier, Styron announced price increases for all polystyrene (PS) and copolymer grades in Europe in July. Thus, the July contract and spot prices for the products listed below increased as follows:
- STYRON general purpose polystyrene grades (GPPS), STYRON and STYRON A-TECH high impact polystyrene grades (HIPS) - by EUR100/tonne;
- MAGNUM ABS resins - by EUR65/tonne;
- TYRIL SAN resins - by EUR75/tonne.
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