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Ineos Styrolution nominates Eur20/mt increase for European GPPS in Jan

London (Platts)--3 Jan 2018 409 pm EST/2109 GMT


Ineos Styrolution has nominated a monthly increase of Eur20/mt ($24/mt) for its European general purpose polystyrene price in January, it said.

The company did not specify the outright number for the GPPS price.

The increase follows a Eur10/mt rise in the January styrene monomer contract price, which was fully settled Wednesday at Eur1,265/mt.

The company added that the surcharge for high impact polystyrene was Eur100/mt.

Trading in the GPPS market has been quiet so far this week after the holidays.

The GPPS spot market was pegged stable since late December at around Eur1,365/mt by a trader on Wednesday.

--Yuriko Kato, yuriko.kato@spglobal.com

--Edited by Alisdair Bowles, alisdair.bowles@spglobal.com

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