The gross market price for GPPS remains unchanged in February versus January. Meanwhile, the company also noted that its surcharge for HIPS remains at 110€/mt.
GPPS is widely used in applications such as food packaging, electronics, and toys. HIPS, a copolymer of polystyrene and butadiene, known for its impact resistance and strength in the production of consumer goods.
The European PS market started the year on a rather negative note.
Overall activity remains slow in most market segments despite improved demand in January from December lows.
The recovery may be due to restocking, but players will wait until well into February to assess activity levels.
The low demand, competition from imports, and high energy prices have led to reduced production or shutdowns in recent months, putting pressure on players to restart.
The construction sector is one of the worst performing market, with a considerable drop in activity in recent months.
Despite some marginal improvements versus a weak December, headwinds persist in most markets.