PS Prices and News
Türkiye’s 2023 imports set a new record at 6.3 million tons; PE, PVC and ABS shine out by Merve Madakbaşı
According to ChemOrbis Import Statistics, Türkiye’s total polymer imports hit a new all-time high in 2023 as the overall volume neared 6.3 million tons despite economic obstacles. The quantity pointed to a 5% increase from 2022 although imports recorded steady drops in the last quarter of last year. LLDPE, HDPE, PVC and ABS imports shone out as they set new records while PP and LDPE posted more modest growth... 05-02-2024
Europe’s PS, ABS markets to endure a turbulent month amid disrupted Asian supplies by Manolya Tufan
Regional styrenics markets opened the new year with rollovers as mounting supply concerns have yet to find a reflection on price levels owing to lethargic demand. The Red Sea turmoil has wreaked havoc on global supply chains, with many vessels being rerouted around the tip of Africa —a far longer and costlier journey. Players brace for substantial hikes next month as they assess the situation and its implications... 25-01-2024
Türkiye’s polymer markets brace for new hikes driven by supply crunch by Merve Madakbaşı
The deepening supply crunch seems to be pushing Turkish polymer players get ready for renewed price hikes in February, as short availability will give sellers an upper hand regardless of the state of downstream demand. Meanwhile, uncertainties about the lingering logistic mishaps and emerging risks keep commodity markets on edge for the long run... 19-01-2024
Asian PS, ABS markets remain under the shadow of weaker costs, demand by Thi Huong Nguyen
The PS and ABS markets in Asia have followed a two-month retreat amid a double-whammy of lower costs and poor demand. Heading to the third month, these bearish factors have still kept the styrenics markets moving downhill, although some suppliers have lamented cost pressures... 05-12-2023
Weak demand sends Türkiye’s styrenics markets to multi-month lows by Merve Madakbaşı
ChemOrbis data suggested that import PS, ABS and EPS markets have been dragged down to their lowest levels since July-August on a weekly average basis in Türkiye. A cocktail of lackluster demand, comfortable supply and receding upstream chain put a strain on prices, not to mention economic headwinds that took their toll on consumption in derivative segments... 17-11-2023
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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