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INEOS STYROLUTION DROPS PS PRICES IN MAY 2024
consumer confidence

INEOS Styrolution drops PS prices. As of May 1st, 2024, INEOS Styrolution has decreased the Gross Market Price for General Purpose Polystyrene (GPPS) by 85€/mt.

This reduction aligns with the decrease in the styrene monomer price contract, which fell by 111€/mt in May.

Meanwhile, the surcharge for High Impact Polystyrene (HIPS) remains at 100€/mt.

This change comes after a rally in polystyrene prices; the last recorded decrease was in January, according to GC Intelligence price assessments.

EU PRODUCTION IN CONSTRUCTION DECLINES IN FEBRUARY 2024
plant building

EU production in construction declines. Eurostat‘s recent figures reveal a downturn in construction output when comparing February 2024 with the same month in the previous year.

The euro area experienced a decline of 0.4% and the European Union saw a slightly larger decrease of 0.6%.

Despite a rise in monthly production in February 2024, the year-over-year comparison underscores ongoing challenges within the construction sector.

Many polymer markets have been suffering from the weak construction sector, such as polypropylene (PP), polystyrene (PS), and polycarbonate (PC).

The low demand in some of the key market segments such as construciton continue to lead to low margins for polymer suppliers.

Attempts to increase prices during this time of the year appear to have run out of steam, particularly for the PP.

TRINSEO RAISES PS, ABS, SAN PRICES IN APRIL 2024
price increase

Trinseo raises PS, ABS, SAN prices. Trinseo announces price increases for Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), and Styrene-Acrylonitrile (SAN) materials.

The increases will be effective from April 1, 2024, or in accordance with existing agreements.

General purpose and high impact polystyrene grades will see a price hike of €55/MT, while ABS and SAN resins are slated for a €60/MT increase.

INEOS ANNOUNCED €60/MT INCREASE ON PS IN APRIL 2024
inflation abstract

INEOS announced €60/mt increase on PS in April 2024. INEOS Styrolution has announced the increase after another increase in the styrene monomer contract price in April.

The company noted in the latest announcement on its website that as of April 1st, 2024, the Gross Market Price for General Purpose Polystyrene (GPPS, bulk) has increased by €60/MT compared to its price in March 2024.

Additionally, there is a surcharge of +100€ per metric ton for High Impact Polystyrene (HIPS).

PS PRICES SURGE AGAIN IN MARCH 2024
macroeconomy

PS prices surge again. March’s expected increase in European polystyrene prices came amid weak demand, spurred by rising upstream costs.

The allure of imports grew as a cost-effective alternative, despite rising domestic prices pushing buyers to reconsider their sourcing strategies.

Although recent disruptions in the Suez Canal have spiked import costs, the significant domestic price surge has eroded any potential advantage, keeping the focus on imports as a viable option despite challenges.

Prices are anticipated to maintain their current highs in April, as indicated by upstream spot prices, namely styrene monomer.

This trend may even extend into May, with seasonal factors providing additional support.

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