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New European PS prices start to be revealed in Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/02/2015 (13:20)
In Turkey, new European PS prices started to emerge for February today. Although new styrene contracts settled down €55/ton in the region, initial price levels showed no major change.

A trader offering on behalf of a West European producer voiced his new GPPS and HIPS prices at €1100/ton ($1243/ton) and €1160/ton ($1311/ton), respectively. These levels were almost in line with the sellers’ previous sell ideas and were nearly steady from the most recent January levels.

The trader blamed restricted PS availability at his supplier’s side as the reason behind his almost flat pricing while commenting, “Moreover, we expect the recent hikes in energy prices to boost demand somewhat this month.”
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