INEOS Styrolution announces €20/mt increase on PS prices in December versus November.
The company also said it will apply a surcharge on high impact polystyrene (HIPS) of €120/mt.
The increases on GPPS and HIPS follow an increase of the raw material styrene in December of €23/mt.
However, INEOS Styrolution rolled over acrylonitrile butadiene styrene (ABS) prices in December. ABS raw material prices did not move in the same direction in December.
While styrene and acrylonitrile costs increased in December, butadiene posted triple-digit decreases.
Meanwhile, buyers of both PS and ABS were experiencing low availability, especially for ABS.
Disruptions along value chains during the pandemic has reduced availability for both polymers.
And as the new variant threatens to prolong the pandemic, ABS and PS buyers will probably continue to experience short supply into 2022.