Home Latest News & Insights INEOS STYROLUTION ANNOUNCES DECREASES ON PS

INEOS STYROLUTION ANNOUNCES DECREASES ON PS

June 4, 2024
lowr prices

INEOS Styrolution announces decreases of €10/MT on polystyrene (PS) in June.

The announcement follows the decrease of €30/MT of the Styrene Monomer Contract Price (SMCP) to €1,680/MT.

The decrease met expectations as markets continue to suffer from low demand.

Moreover, benzene prices provided support and prevented a bigger fall normally seen during this time of the year.

Players will probably continue to experience downward pressure on prices during the next few months.

This is partly driven by seasonal factors and expectations of weak demand.