27 April 2011 18:44 [Source: ICIS news]
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
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
Buyers were already looking for cheaper alternatives and ways to negotiate a smaller increase.
($1 = €0.68)
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