Styrolution eyes €65/tonne price reduction on November PS

05 November 2013 12:25  [Source: ICIS news]

LONDON (ICIS)--Styrolution announced on Tuesday that it is seeking a price reduction of €65/tonne for all polystyrene (PS) grades in November.

As a result, Styrolution is maintaining its high impact polystyrene (HIPS) surcharge at €105/tonne ($142/tonne) above general purpose polystyrene (GPPS).

The news follows the November European barge contract settlement of primary feedstock styrene monomer, which fell by €85/tonne to €1,365/tonne FOB (free on board) ARA (Amsterdam-Rotterdam-Antwerp).

It is too early to say where November PS prices will settle, but prices are clearly under downward pressure because of falling styrene. It appears that PS producers are looking to take advantage of the steep drop to try to bolster weak margins.

By: Iain Packham

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