French petrochemical giant Total Petrochemicals, the third European producer of largest oil producer, is planning to increase from 1 January polystyrene prices (PS) in the United States by 6 cents per pound (USD132 per ton), ICIS reported, citing the company’s statement.
The letter stated that the acceptance of orders and shipment will be subject to availability of the product.
Total does not indicate why the increased rates. However, according to market participants, the reason was the increase in quotations of benzene and styrene.
While other prizvoditeli not reported price increases for deliveries in January.
As reported earlier MRC, Total Petrochemicals increased the price of the SS in September at USD67 per ton.
The number of PS producers in North America consists of Americas Styrenics, Grupo Idesa, INEOS Styrolution, Resirene and Total Petrochemicals USA.
According to the price review ICIS-MRC, in Russia the price of polystyrene production Nizhnekamskneftekhim prolonged for the domestic market in December. Penopleks also left rates at last week unchanged. Gazprom Salavat neftekhim lowered the prices of 2 000 rubles. per ton, VAT included.