PS Prices and News
Styrenics markets reverse slump after months-long downtrend in Europe by Manolya Tufan
Regional PS markets in Europe opened the new year with hike requests after 5 straight months of drops, supported by the styrene hike. Having followed a mostly downward trend since May 2022, ABS offers also started to emerge with rollovers to some hikes... 09-01-2023
Stats: China’s 2022 polymer imports lowest in five years by Merve Sezgün
ChemOrbis Stats Wizard suggests that China’s total polymer imports in the January-November period of 2022 were down 10% on the year to 18.1 million tons, the lowest cumulative volume since 2017. Although the December data are yet to be revealed, it is highly likely that the country will end the year with its polymer imports totaling below 20 million tons for the first time in five years... 05-01-2023
New offers delayed until next week in Turkey’s polymer markets by Merve Madakbaşı
A very limited number of import offers were reported this week as the year-end lull became more prominent in PP, PE, PVC and PS markets. Most polymer suppliers elected to delay their announcements for January until next week, while buyers were busy with their book closures and stock takings... 30-12-2022
European PS, ABS markets gear up for steeper drops into 2023 by Manolya Tufan
In Europe, styrenics players are bracing themselves for visible drops in December amid lower styrene settlement, huge disparity between local and import prices and poor market dynamics. Indeed, the fact that there are no signs of markets being on the mend heading into 2023 adds to the cautious stance among buyers... 05-12-2022
Stats: Turkey’s polymer imports hit a new record in first 3 quarters by Manolya Tufan
According to ChemOrbis Import Statistics, Turkey’s overall polymer imports in January-September hit a fresh record-high with around 4.3 million tons, staging an increase of 7% from the same period of 2021. Even though the growth in Q3 imports lost some speed on a quarterly basis, they are still above the same period of last year... 31-10-2022
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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