10 April 2012 22:42 [Source: ICIS news]
HOUSTON (ICIS)--The price range in the US expandable polystyrene (EPS) market has widened, with buyers describing divergent prices for April material, sources said on Tuesday.
Some buyers said they were paying as low as 94-95 cents/lb ($2,072-2,095/tonne, €1,575-1,592/tonne) for April material, while others said they were paying as much as 101-102 cents/lb for material.
The wide range comes as at least one producer said it had pushed prices higher by 3 cents/lb in March, while other producers agreed to hold prices steady until May, sources said.
The price paid really depends on the volumes purchased, with larger volume buyers securing more of a discount, according to buyers.
There was some discussion that competition from lower Asian EPS prices in March may have helped keep domestic prices lower for some buyers. However, several market paticipants said Asian and domestic EPS prices are about even right now.
US EPS prices were assessed by ICIS at 95-101 cents/lb for block material and 93-99 cents/lb for package material.
Major North American EPS producers are BASF, NOVA Chemicals, Flint Hills Resources, Styrochem, Nexkemia, Idesa and Polioles.
($1 = €0.76)
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