PS Prices and News
European PS follows SM lower in Sept, ABS flat on tightness by Manolya Tufan
In Europe, spot PS markets have reversed the course amid lower styrene settlement and unsupportive supply-demand dynamics. However, ABS prices have moved sideways amid ongoing tightness and relatively better demand... 13-09-2021
Will Asia’s PS markets follow ABS higher on cost support? by Merve Madakbaşı
ABS sellers in China and Southeast Asia were encouraged enough to lift their offers slightly over the past week. The main factors that propelled the market higher were the rebound in crude oil futures as well as improved end users’ demand... 31-08-2021
HIPS’ unusually wide premium over GPPS down to 8-month low in Asia by Manolya Tufan
Data from ChemOrbis Price Index show that the premium that import HIPS prices in China carried over GPPS hit an all-time high of $430/ton in March while the peak was seen at $385/ton in May in Southeast Asia. Since then, the unusually wide spread between the two products has been gradually closing and recently reached an 8-month low... 23-08-2021
Stats: Turkey’s H1 2021 polymer imports set a new record high by Esra Ersöz
Turkey’s polymer market size continues to grow despite all challenges. According to ChemOrbis Import Statistics, overall polymer imports in the first half of 2021 saw a new all-time high, expanding 7% on a yearly basis to more than 2.8 million tons... 06-08-2021
Pace of PS drops in Asia slackens; ABS downtrend in full swing by Manolya Tufan
Styrenics markets in China and Southeast Asia remained on a downward trend during the week ending June 2. Although sluggish demand continued to weigh on prices, the pace of PS decreases has slackened lately amid firming spot styrene prices. Meanwhile, the ABS downtrend that has been in place in the past seven weeks is still at a full swing... 05-07-2021
Polystyrene (PS) is formed by the polymerization of styrene feedstock. As styrene is formed by adding ethylene into the benzene feedstock, benzene and ethylene prices are also taken into consideration, in addition to styrene while examining the production costs of PS.
There are two types of PS, namely GPPS and HIPS. These are divided into subgroups as injection and extrusion. While plastic hangers, protective foam, disposable cutlery, CD boxes are made of GPPS, HIPS is used in white goods and electronics.
The world's largest PS buyer is again China by a long way. As of 2020, China alone carries out 35% of global imports. It was followed by Malaysia and Germany, with 6% and 5% shares, respectively. Taiwan ranks first among the top PS importers list, followed by Belgium and France.
ChemOrbis Polystyrene (PS) prices and Plastics News section contain information on the market trends, as well as supply-demand factors and production costs that determine the pricing, statistics on imports and exports, along with maintenance shutdowns, restarts, and new capacities related to PS facilities.
Products:
GPPS injection, GPPS extrusion, HIPS injection, HIPS extrusion, EPS black/grey (inflammable), EPS white (inflammable), EPS white (regular)
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