Mexico’s Resirene to increase PS prices by 10 cents/lb in August

24 July 2012 21:11  [Source: ICIS news]

HOUSTON (ICIS)--Resirene, Mexico’s largest polystyrene (PS) producer, is seeking to increase prices for all grades of PS by 10 cents/lb ($220/tonne, €180/tonne) from 1 August, a company source said on Tuesday.

The company justified the measure by citing recent volatility in petrochemical feedstock markets, particularly benzene, ethylene and butadiene rubber, which are key raw materials for PS.

Other companies have already made similar announcements, justified by the need to improve production margins.

Buyers contend that the price of styrene has not increased in the same proportion as benzene prices, although historically, styrene settlements follow the benzene path.

Current PS prices in Mexico are assessed at $1,700-1,745/tonne FOT (free on truck) for general purpose PS (GPPS), while high impact PS (HIPS) prices are at $2,013-2,103/tonne FOT.

($1 = €0.82)

By: George Martin
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly