PS Prices and News
PS sellers’ May hikes find partial acceptance in Europe by Manolya Tufan
Rising costs encouraged European PS sellers to announce fresh hikes early in May. Having emerged €50-90/ton above April levels, PS prices hit fresh record highs but the upturn has lost speed. While smaller increases of around €50-60/ton have passed on deals so far, some sellers have started to report even rollovers in a few cases... 16-05-2022
PS, ABS prices hit all-time highs in Europe; a record gap with Asia by Manolya Tufan
April hikes carried European PS and ABS markets to unprecedented levels as the rally gained momentum amid surging costs, while Asian markets were softer under the shadow of weak demand. Since Europe has been trading well above global markets, particularly Asia, the disparity between the two regions has grown big enough to set a new record... 11-04-2022
Plastic resin industry on another bumpy ride: War-driven energy hikes by Esra Ersöz
Having grappled with the pandemic in 2020 and major supply chain woes in 2021, the petchem industry is this time buckling up for another bumpy ride given rocketing energy hikes. Players across the globe are gripped by ‘very high costs’ and relentless supply limitations on one hand, and growing concerns over a possible demand destruction on the other... 15-03-2022
Will European PS resume uptrend on rising costs? by Manolya Tufan
In February, spot PS deals were mostly closed with decreases of €50-70/ton after four straight months of price hikes. Players are now discussing whether or not PS markets will reverse direction in March with surging energy costs on one side and uncertain supply-demand outlook on the other... 28-02-2022
PS dips after 4-month uptrend in Europe by Manolya Tufan
In Europe, styrenics markets took a dive after mostly following an uptrend in the past 4 months as February styrene contracts settled down €51/ton. Initial February offers emerged with decreases, also weighed down by slowing demand amid easing concerns over availability... 07-02-2022
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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