European polystyrene (PS) spot prices continued to fall

According to sources, the European polystyrene (PS) spot price fell last week compared to the previous week.

Wednesday, GM polystyrene (GPPS) spot FD Northwest Europe offer for 1,300 euros / ton, compared to the previous week down 20 euros / ton; high impact polystyrene (HIPS) spot FD Northwest Europe offer 1,380 euros / ton.

“Last week’s demand for health,” said one trader and added that he had traded several deals.

HIPS

But he also pointed out that the price is difficult to mention, because the market would have expected the price in August will be lower.

August styrene raw materials prices bearish, GPPS demand decline, even if the market is more active, it is difficult to support the price rise.

Another trader says there will be some inventory adjustments before the summer holiday arrives.

In addition, according to industry sources, Egypt E-styrenics is expected to restart GPPS production in the short term. But the news did not get the company’s comments.

E-styrenics GPPS production plant since the first quarter of this year began to shut down.

Traders said that although E-styrenics may be the first batch of products produced after the restart of the device supply to the local market, but also most likely in the near future exports to Europe.