29 August 2012 23:06 [Source: ICIS news]
HOUSTON (ICIS)--Styron is seeing a 14 cent/lb ($309/tonne, €244/tonne) increase for its polycarbonate (PC) in the Americas, effective on 17 September, according to market sources on Wednesday.
Currently, spot prices for general purpose moulding grade and extrusion grade in bulk are $1.53-1.85/lb.
Styron said in a letter to customers that it planned to increase its Calibre PC resins and Emerge advanced resins. It cited continued escalation in key raw material costs.
Buyers questioned how much of the increase will gain traction in a market facing diminished demand.
“Styron has avoided increasing prices for as long as possible, but it is necessary to take this action because operating under these conditions has become unsustainable,” the proposal letter stated.
Styron representatives did not return calls by ICIS.
Other PC producers in the US include SABIC Innovative Plastics and Bayer MaterialScience. SABIC is seeking an 11 cent/lb increase for its PC material effective on 10 September.
($1 = €0.79)
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