PS Prices and News
Lower parity, rising freight rates repel European polymer buyers from imports by Manolya Tufan
While the year-end lethargy is in full swing, most polymer markets in Europe are poised for modest adjustments in the last month of the year. With lower monomer settlements and ongoing destocking activities, pricing strategies remain under downward pressure... 05-12-2024
Weaker costs pull Asian PS, ABS markets down to 7-9-month lows by Elif Sevde Yalçın and Thi Huong Nguyen
Styrenics markets across Asia continued to experience a stable to slightly lower trend last week given the persistent slump in upstream values. Although limited year-end purchasing activity helped cap discounts, the overall demand remained weak, causing an imbalanced supply-demand situation... 19-11-2024
Stats: Türkiye’s Q3 polymer imports down 9.5% year over year by Merve Madakbaşı
ChemOrbis Stats Wizard data revealed that the total polymer imports of Türkiye edged up by nearly 1.5% in Q3 from the prior quarter and stood at 1,573,000 tons. Nonetheless, the volume dropped by 9.5% from Q3 2023 when imports surpassed 1.7 million tons. In July-September, Saudi Arabia (398,000 tons), the USA (148,000 tons), South Korea (146,000 tons), Egypt (96,000 tons) and Russia (90,000 tons) were the top five suppliers... 12-11-2024
Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept by Merve Madakbaşı
Total polymer imports of Türkiye stood at 4,536,000 tons in Q1-Q3 this year while the cumulative figure indicated a nearly 8% decrease year over year, as per ChemOrbis Stats Wizard data. The volume also pointed to the lowest level since 2021 when the country’s polymer imports for the first three quarters totaled 4.3 million tons... 08-11-2024
European PS, ABS markets see 3-digit drops on Oct SM plunge by Adriana Camacho
After the stable to slightly softer trend seen last month, styrenics markets across Europe witnessed sharp drops in October amid the plunge in the monthly styrene settlement. The styrene monomer contract, in fact, was agreed €202/ton lower compared to last month on the heels of the €119/ton cut in benzene costs as well as steep spot losses and weak demand in the region... 17-10-2024
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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