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 December shipments on higher feedstock and logistics costs, said the company.
Thus, the price of the company's EPS grades rose by 5 cents/pound (cts/lb) or USD110/tonne, effective 1 December, 2021 or as contracts allow.
Escalating cost pressure felt throughout the supply chain, including raw materials and freight, necessitate this adjustment.
As MRC reported earlier, Epsilyte increased its October and November 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, in Russia, demand for material will continue to subside seasonally in November. Consumer activity was moderate in the domestic EPS market, which corresponded to the current season. Russian producers did not adjust their selling prices last week. Domestic prices of Russian material were in the range of Rb183,000-205,000/tonne CPT Moscow, including VAT.
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.