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 March shipments to keep pace with rising costs, said the company.
Thus, the price of the company's EPS grades will ris by 7 cents/pound (cts/lb) or USD154/tonne, effective 1 March, 2021 or as contracts allow.
Escalating freight and raw material costs that include availability concerns, along with current EPS supply and demand dynamics, warrant this adjustment.
As MRC reported earlier, Epsilyte rolled over its January EPS prices in the region for February shipments.
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, demand for EPS generally remained in the Russian market at the previous week's level. Domestic EPS prices remained unchanged. Prices of SIBUR-Khimprom and Plastik, Uzlovaya's EPS were in the range of Rb187,000-197,000/tonne CPT Moscow, including VAT, this month.
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.