24 January 2012 17:27 [Source: ICIS news]
LONDON (ICIS)--Switzerland-based polycarbonate (PC) producer Styron announced a €0.25/kg ($0.32/kg) price increase for all CALIBRE™ and EMERGE™ polycarbonate compounds and blends effective of 15 February, or as existing contract terms allow, a company statement said Tuesday.
"The price for these products will rise by €0.25/kg (€250/tonne) to offset the continued increases in key raw materials, energy and freight costs associated with manufacturing," the statement said.
Whether Styron will be able to pass on the increase before the start of the next quarter is unclear, as most first quarter contracts have already been settled at a decrease of €0.05-0.10/kg for moulding and extrusion grade PC.
However, "if everyone moves [up], including the other large European producers, then buyers will have no option [but to accept the increase]," said a European trader.
The trader added that because the increase is effective as of 15 February or when existing contracts allow, it will probably not have much impact until the second quarter.
PC is a type of high specification engineering plastic, suitable for moulding and with a high resistance. Typical applications include automobiles, CDs and DVDs, electronic casings, returnable milk bottles, lighting and greenhouses.
( $1 = €0.77 )
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