Mexico’s Resirene seeks PS price increases in May

27 April 2011 18:44  [Source: ICIS news]

HOUSTON (ICIS)--Resirene, Mexico’s largest polystyrene (PS) producer, announced price increases for all grades of PS effective on 1 May, a company source said on Wednesday.

The company expects to increase the price of crystal PS by 5 cents/lb (110/tonne, €75/tonne), while the price of high-impact PS (HIPS) wouyld go up by 10 cents/lb, the source said.

The measure was justified by volatility in feedstock markets, which has reached unprecedented levels in North America, affecting crude oil, petrochemicals and energy markets, market souirces said.

Adding further support to the price increases is the worldwide shortage of butadiene and its derivatives, such as the synthetic rubber required in the manufacture of HIPS.

PS prices in Mexico are currently around of $1,918-1,961/tonne DEL (delivered) for crystal grade, while HIPS prices were at $2,094-2,138/tonne, according to ICIS.

Buyers were already looking for cheaper alternatives and ways to negotiate a smaller increase.

($1 = €0.68)

For more on polystyrene visit ICIS chemical intelligence

By: George Martin
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