INEOS Styrolution hikes prices. The company, a leading global manufacturer of styrenics, has announced significant price increases.
The increases of general purpose polystyrene (GPPS) and high impact polystyrene (HIPS) reflect higher costs of the monomer styrene.
Effective as of August 1st, 2023, the Gross Market Price for Polystyrene (GPPS) has risen by €120/MT compared to July 2023.
Meanwhile, the surcharge for HIPS remains at plus €110/MT.
The price increase corresponds with a hike in the cost of styrene, which saw its contract in August increase by €108/MT to €1405/MT.
GPPS (General Purpose Polystyrene) is commonly employed for crafting clear packaging solutions. HIPS (High Impact Polystyrene) stands out for its role in constructing robust refrigerator housings and other durable product casings.