PS prices increased €60-65/mt in November in Europe, a movement that was in line with costs, according to GC Intelligence assessments.
But while many polystyrene (PS) buyers saw prices move in line with styrene, others had to settle for bigger increases.
The higher numbers were predominately on spot deals, a clear sign of a tightening market.
Indeed, the market has remained tight in November despite most producers ending their turnarounds.
After the turnarounds, producers in November were having to replenish their stocks and satisfy the strong demand.
This has left some sellers sold out in November and unable to to satisfy all the volumes requested.
And with an improved outlook from positive news over vaccines and US elections, the PS market could also remain upbeat in December.