07 December 2012 20:38 [Source: ICIS news]
HOUSTON (ICIS)--US-based Styron will seek a 12 cent/lb increase for its polycarbonate (PC) material from 4 January, citing increasing raw-material costs, a company source said on Friday.
The proposed increase for the company’s PC resins puts Styron as the second US PC producer to seek higher prices for January.
SABIC Innovative Plastics has announced its price increase proposal calling for an additional 11 cents/lb for its Lexan PC material shipped on or after 7 January. SABIC is also seeking a 7 cent/lb increase for its PC blend material.
Buyers were not surprised that SABIC IP would seek an increase, as feedstock benzene costs have increased.
However, some sources were uncertain as to why the producer would seek an increase at this time with the unstable business climate in the ?xml:namespace>
There are three PC producers in the US.
Currently, ICIS has assessed general purpose moulding grade in bulk at 1.53-1.85/lb.
The company is also seeking an increase of 9 cents/lb for its Pulse engineering resins, which are primarily PC/ABS blends.
($1 = €0.77)
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