Players European polystyrene market (SS) last week started planning their prices for July, after styrene quotes were agreed at EUR125 per tonne lower compared with the May level, but price negotiations should be fully begin this week in Friday told ICIS market sources.

While manufacturers have not yet named their July prices.

PS market players in Europe noted that styrene is a decline in prices was sharp, but prospective. However, some players were expecting even greater fall of quotations.

One customer said: “I was very pleased to hear about lowering the price of EUR125 per tonne I expected to fall in the area of ​​EUR100-200 per ton.”.

The source also noted that styrene prices may fall in the next month, but in September they have traditionally return to previous levels.

Meanwhile, another customer said to the material demand decreased significantly in the second half of June and the volume of SS for sale will be a big question mark on the market during the third quarter.

“On the demand in July will have an impact styrene decrease in quotations in the current month and their possible further decline in August, which can greatly increase the level of orders”, – he added.

PS Prices in June at the European market were at the level of EUR2 010-2 130 per tonne FD Europe for general purpose polystyrene (PSS / M) and EUR2 100-2 220 per tonne FD Europe for high-impact polystyrene (HIPS / M).

According to the price review ICIS-MRC, polystyrene prices in the Russian spot market in the last week of June, remained relatively stable. The situation on the market in June was to increase the volume of stocks of the market players. According to market players, buying activity has decreased.