08 March 2012 17:16 [Source: ICIS news]
LONDON (ICIS)--Styron is targeting a €250/tonne ($329/tonne) price increase for all European Calibre and Emerge polycarbonate (PC) compounds and blends, effective 1 April or as existing contract terms allow, the Switzerland-based polycarbonate (PC) producer said on Thursday.
"This price increase comes as a result of the further escalation of key raw material costs associated with the manufacturing of [PC]," the company added in a statement.
The news follows a similar €250/tonne price hike announcement by Styron on 24 January.
Buyers are adamant that they will not accept it, saying they will negotiate for smaller increases.
"We will fight with producers and not accept the proposed price rises, because supply is good and the market is not tight," said one buyer.
Demand for polycarbonates is strong in Europe, but most buyers said this is only because everyone is filling up inventories ahead of expected price increases in the second quarter.
($1 = €0.76)
Follow Janos Gal on Twitter (@janosgalICIS) for tweets on the polycarbonate market
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