PS Prices and News
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
Global PS markets under continued downward pressure
by Başak Ceylan
PS markets across the globe came under further downward pressure during the week ending June 18. As the firming in crude oil prices failed to prop up upstream values, prices ended last week at lower levels in Italy and Northwest Europe, as well as in Southeast Asia and China. Turkey’s local PS markets also moved closer to their lowest in nearly four months...
22-06-2021
Escalating shipping costs hinder polymer demand in China, SE Asia
by Pınar Polat
Demand has been limited for polymers in Asia as the resurgence of Covid in Southeast Asia since April and the rise in new infections in China led to various lockdowns and restrictions on a country basis. Adding to Covid-hit demand has been skyrocketing freight costs, which are put under further upward pressure by pandemic-related workforce disruptions at ports and the recent port congestion in China...
16-06-2021
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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