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Competitive pressure from PP, PET looms over PS in Italy

by ChemOrbis Editorial Team -
  • 27/02/2017 (17:13)
After three digit hikes for the third consecutive month realized in the European PS market, further increase expectations for March appear to be pushing buyers away from purchasing PS and put them in a position to look for alternative products to meet their production needs. Some PET suppliers have already started to see better demand from PS users. February PP and PET deals were closed with increases of up to €70-80/ton while PS deals were mostly concluded with larger hikes of €260/ton.

A manufacturer in Italy reported, “We keep our production rates at lower rates considering that hefty hikes on PS discouraged our end product buyers from purchasing. We are switching to other polymers such as PP, PET as another round of three digit hikes are awaited in March. Moreover, we have purchased two new PET lines with 20,000 tons/year capacity and we will reduce our PS production by 60% by 2018.”

A sheet extruder, meanwhile, noted that the upward trend in the PS market might not be sustainable in the long-run due to the competition with PP and PET, considering PS prices reached rather high levels.

As was noted before, the gap between PS and PP as well as the gap between PS and PET remain at a record high in Italy as a result of the consecutive hikes in sizeable amounts in PS prices.
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