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PS PRICES POSTED TRIPLE DIGIT INCREASES

July 25, 2022
polystyrene granules

PS prices posted triple digit increases in July versus June in Europe after a surprise hike in raw materials costs.

With the price of benzene increasing €386/mt, the styrene monomer price rose €155/mt.

There was little polystyrene (PS) buyers could do but to absorbe another big increase in July.

However, with fundamentals remaining soft, there was room to negotiate.

The outcome was a rather wide range of price increases, from €50/mt to €150/mt.

This suggests that on some accounts, suppliers had to once again accept a decrease in margins.

The falling margins is a trend that has been developing since the second quarter throught the polymer industry.

As strong signals point to a petenital sharp fall in economic activity, there is a strong chance that PS prices will continue to post decreases at least until the end of the year.

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