BASF to raise price for polystyrene

As of September 22 of this year, BASF will be raising the price for the plastic polystyrene (PS) in Europe by 100 euros per metric ton.

The reason for this price increase is the greater-than-expected rise in raw material costs in the month of September. This meant that the necessary improvement in the margin could not be attained, as a consequence of which BASF sees itself forced to make further price adjustments.

Polystyrene is a standard polymer in BASF's range of styrenic plastics. Polystyrene is commonly used for housings and casings of household appliances and office equipment. It is also used in refrigerator linings and by the packaging industry.