BASF seeks DM0.15/kg price hike for PS from 1 September
30 August 2001 18:03 [Source: ICIS news]
LONDON (CNI)--BASF is seeking a DM0.15/kilogramme rise in polystyrene (PS) prices in Europe from next month, Karl Foester of the Germany group's PS business confirmed to CNI on Thursday.
He said operating rates have been reduced by 15% this month due to seasonally low demand but are expected to reach normal levels in September.
Other PS producers are also seeking price increases in a bid to restore battered profit margins.
A source close to Nova Chemicals confirmed the Canadian company planned to increase prices in Europe by DM0.15/kilogramme from 1 September. Earlier this month Nova told customers it is raising prices for expandable polystyrene (EPS) in Europe by DM0.30/kg from the same date. A similar EPS rise is planned by BP.
(Additional reporting by Neil Sinclair)
By: Nadia Elghamry
+44 208 652 3214
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
Links posted in this story:
|
|
Related Articles
- 25 Jun 04 18:10 BASF seeks Euro200/tonne hike in Euro PS prices from 1 July
- 04 Jun 01 00:00 Benzene Plunges On Oversupply Due to PS Cuts
- 21 May 01 00:00 Polystyrene Market Staggered By Severe Margin Pressure
- 22 Nov 01 09:34 BASF cuts Ludwigshafen EPS output, shuts Antwerp XPS unit
- 30 Jul 01 14:40 Nova Chemicals hopes to restart Dutch PS line in mid-August
- 02 Jul 01 00:00 Polymers face a summer of gloom
- 29 Jun 01 14:56 AtoFina says new Carling PS line now due onstream in Oct
- 21 May 01 16:15 Dow Europe raises PS prices by DM0.20/kg from 1 June
- 18 May 01 14:15 BASF raises PS price in Europe by DM0.10/kg from 1 June
- 16 May 01 17:20 AtoFina raises PS price by Euro100/tonne from 1 June
- 16 May 01 15:19 Dow to reduce European PS output amid falling margins
- 04 May 01 13:09 Italy's EniChem to cut EPS output by 30% in May/June
- 27 Apr 01 15:34 BASF cuts European PS output by 20% amid falling margins
Latest News
- 24 Nov 09 16:07 INSIGHT: China auto industry drives isocyanates demand
- 24 Nov 09 16:06 Lukoil Neftochim unlikely to restart Burgas units before March
- 24 Nov 09 15:48 PotashCorp worker killed at New Brunswick mine
- 24 Nov 09 15:48 Romania’s Azomures plans to contest pollution fine
- 24 Nov 09 15:39 Brazil ethanol mills cut prices to raise cash
Barbara Ortner looks at the off-beat and unusual side of chemical industry life.
ICIS Chemicals Confidential