INEOS Styrolution trims PS prices by €40/mt in October, according to the latest company announcement.
The company said the the gross price of its general purpose polystyrene (GPPS) will decrease €40/mt.
The decrease, against September prices, will be effective from 1 October 2022.
Meanwhile, the surcharge on high impact polystyrene (HIPS) remains at €120/mt.
The European PS market reached a peak last April. After a steady climb in 2021, prices found more support after the war pushed up energy costs.
However, as the war also fuelled headwinds, such as inflation and higher energy costs, prices changed direction, registering a big correction of around €400/mt in August.
In September, PS players saw another smaller but nonetheless triple-digit decrease.