Home Latest News & Insights POLYSTYRENE DEMAND RISES IN FEBRUARY

POLYSTYRENE DEMAND RISES IN FEBRUARY

February 8, 2023
demand growth Chart

Polystyrene (PS) demand rises in February, starting the year on a positive note. The improvement from December to February continues.

Significant improvement in January, largely due to restocking, continued into February with even better results.

The recent decreases in gas prices likely boosted market confidence. Moreover, buyers who anticipated lower prices are now requesting additional volumes.

Seasonal factors also supported demand.

The current positive developments make the first quarter of the year for now better than expected for polystyrene market participants.

This is good news for the industry, as recent months saw a slowdown in demand.

The start of the year gives players reason to be optimistic, although the rest of the year remains uncertain amid the ongoing war and inflation.