Global Styrenics producer Ineos Styrolution has announced polystyrene price increases for March which are larger than the increase in the styrene monomer contract price, according to an announcement on its website.
GPPS and HIPS nominations have increased Eur110/mt and Eur120/mt respectively over February, the company said.
The March styrene contract price was fully settled at Eur1,650/mt, increasing Eur90/mt from February, indicating that GPPS and HIPS monthly increases are Eur20-30/mt larger than styrene.
Styrolution added that "Ineos Styrolution's customers buying a mix of GPPS and HIPS, the surcharge for HIPS is plus Eur100/mt."
