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Ineos Nova: Price hike for PS, effective immediately

The wave of price increases for polystyrene continues, following the settlement of the styrene monomer contract for March EUR 42/t higher. In the latest announcement, Ineos Nova (Fribourg / Switzerland; www.ineos-nova.com) said that, effective immediately, it will increase its prices for general purpose polystyrene (GPPS) by EUR 60/t, and the high-impact (HIPS) grades will see a EUR 70/t hike.

The Swiss producer, which cited the need to “restore margins back to a sustainable level,” last increased prices for PS in January.

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