Polystyrene Market Trend
Petrotahlil:
Muted demand puts pressure on PS prices in SEA
• Import prices stable to $10 softer
• Demand fades ahead of Ramadan
• Suppliers feel free from sales pressure
• Spot styrene slightly up on week
• Crude oil retreats from 6-month high
• Import PS ($/ton): GPPS inj. 1280-1320 | HIPS inj. 1300-1380 CIF
PS stable to softer on subdued trading in China
• Import HIPS stable on week, GPPS down by $10
• Trading subdued on Labor Day holiday
• Styrene’s weekly gain fails to boost sentiment
• Crude oil retreats from six-month high
• China’s March PS imports up 13% on month
• Import ($/ton): GPPS 1280-1310 | HIPS 1300-1400 CIF
European majors announce PS hike targets for fourth consecutive month
• SM settles up by €32.50 for May
• Hike targets of €40-50 revealed from Ineos and Trinseo
• Buyers are on a wait and see stance at the moment
• More sellers may reveal hike targets in the days ahead
• Activities are expected to revive in the short term
• Local spot (€/ton): GPPS 1330-1430 | HIPS 1430-1530 FD
May SM settles slightly higher, PS sellers adopt a firmer stance in Italy
• May SM settles €32.50 higher
• Ineos and Trinseo announce increases of €40-50
• Thin activities on Labour Day holiday
• More offers awaited on a firmer note
• Buyers aim to pay mostly stable prices
• Local spot (€/ton): GPPS 1330-1400 | HIPS 1420-1500 FD
Egypt’s import PS market puzzled by volatile costs
• Import PS offers track feedstock movements
• Distribution market prices remain steady-to-soft
• E-Styrenics April prices largely stable from March
• Slow demand, tight liquidity overshadow markets
• Import PS ($/ton): GPPS 1300-1400 | HIPS 1380-1430 CIF
Asian PS offers see correction in Turkey
• Korean prices trimmed $30 on both ends
• Activity remains tied to needs
• European PS up €40 on higher styrene
• Q1 PS imports down 3% y-o-y
• Stable to softer sentiment persists in Asia
• Europe (€/ton): GPPS 1320 | HIPS 1400 CIF
• Korea ($/ton): GPPS 1320-1380 | HIPS 1400-1440 CIF
• Local ($/ton): GPPS 1650-1710 | HIPS 1730-1830 inc VAT