PS Prices and News
Europe’s styrenics markets signal stabilization after 2 months of hikes by Manolya Tufan
Regional styrenics markets witnessed hefty price increases in the past two months, supported by soaring styrene prices and scarce import offers. Purchasing activity slowed down in March in response to the inflated price levels, while the PS and ABS markets gave signs of stabilization heading towards April... 01-04-2024
Türkiye’s polymer markets grapple with subdued demand heading into April by Merve Madakbaşı
The Ramadan lull has been pervading Türkiye’s polymer markets over the last few weeks, weighing on suppliers despite supportive costs. Thin price discussions amid deeper cash flow issues loomed over polyolefins, PVC, PET, and styrenics, with only a few days left before the Sunday election. Moreover, supply for certain polymers was relieved thanks to the arrival of delayed cargos... 29-03-2024
FOCUS: Europe’s dependence on polymer imports grows amid lack of competitive power by Manolya Tufan and Esra Ersöz
Having lost its net-exporter status around 7 years ago, Europe has been a net importer for all polymers since then, except for PVC. Moreover, the ratio of exports to imports has been falling across the bloc, given declining output amid high production costs and economic slowdown on one side and global capacity additions on the other side... 14-03-2024
Stats: EU27’s 2023 polymer imports down on year; PVC and PS hit record highs by Manolya Tufan
Yearly polymer imports to the EU27 from extra-union partners fell by 9% compared to 2022, when imports hit a record high slightly over 10 million tons. Total polymer imports in 2023 declined to around 9.2 million tons following yearly increases of 11% in 2021 and 5% in 2022. This marked the lowest volume since 2020... 07-03-2024
PS and ABS markets brace for another round of hefty increases in Europe by Manolya Tufan
Across Europe, styrenics markets saw 3-digit increases passing on deals in February, with sellers mostly achieving the cost pass-through from styrene. Regional sellers had a chance to improve their margins by applying increases beyond costs in some cases given delivery delays and a lack of imports. Players are now bracing for another round of strong increases in March, with their eyes on the next styrene settlement... 29-02-2024
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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