Home Latest News & Insights INEOS INCREASES PS PRICES IN MARCH 2024

INEOS INCREASES PS PRICES IN MARCH 2024

March 7, 2024
price increase

INEOS increases PS prices in March 2024. Ineos Styrolution announced a price increase for Polystyrene (GPPS, bulk) in March 2024, up by +230€/mt compared to February 2024.

Additionally, the surcharge for High Impact Polystyrene (HIPS) remains at +100€/mt.

The price increase follows a significant rise in the cost of styrene monomer, a crucial component, which surged by €222/MT in March.

Meanwhile, low downstream activity and the uncertainty of surprise price changes keep demand low despite rising prices, leading buyers to purchase only as needed.

Trinseo has also raises prices in March, with GPPS and HIPS up by +235 Euro/MT.

Ineos Styrolution supplies styrenics globally, including ABS, polystyrene, and styrene specialty products, as a leading company.

HIPS and GPPS polystyrene serve in various applications, such as packaging, appliances, and consumer goods, offering enhanced impact resistance through HIPS.