INEOS Styrolution decreases PS prices by €210/mt in September versus August.
The announcement follows yet another decrease of the styrene monomer contract price in September of €287/mt.
While the company noted the decrease of general purpose polystyrene (GPPS), it also noted a surcharge of high impact polystyrene (HIPS) of €120/mt.
After having reached a record peak in July above €2000/mt, the SM contract price has posted big corrections in August and now in September.
As Europe is in the grip of an energy crisis, demand has weakened substantially across the polymer industry.
The current uncertainty and volatility across value chains will most probably persist and could intensify when seasonal demand for gas increases during the winter.