05 January 2006 11:38 [Source: ICIS news]
LONDON (ICIS news)--BASF made it clear on Thursday that it intends to increase the European delta between general purpose polystyrene (GPPS) and high impact polystyrene (HIPS), based on a rise in HIPS feedstock polybutadiene.
The actual amount targeted for later this quarter has not yet been announced, but the increased cost for the PS producer will be around Euro70-80/tonne, a company source said. The current delta between the two grades is Euro40-50/tonne.
Several PS producers have announced increases for January PS, independent of polybutadiene prices. January price hike targets are based on the increase in styrene monomer which rose this month by Euro83-107/tonne.
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