Prices of polystyrene (PS) continued to decline in Asia this week against the backdrop of the recent lowering of raw material quotations – styrene, told ICIS traders and manufacturers.

Prices fell below the level of USD1 200 CFR China in the second half of July, since styrene quotations fell below USD1 050 CFR China levels due to falling oil futures.

Although at the beginning of the third quarter, which is the season for the production of material for export to China, providers noted that PS demand is not significantly increased.

Even stopping some factories in the run-up to the G20 summit failed to stimulate demand.

However, some traders look to the future with optimism, expecting the increase and stabilization of demand in the coming weeks.

As reported by the MRC, in the first half of July, the Russian manufacturers of polystyrene (PS), went on to a significant reduction in price against the background of the material excess supply in the market and falling quotations of styrene and styrene plastics in Europe.

Last week, according to the price review ICIS-MRC, a further reduction in prices observed in the Russian market of general purpose polystyrene (PSS / M). Demand remained the same, as reported by market players. The situation in the UPS market / M was more relaxed. Prices of Nizhnekamsk polystyrene voiced on the spot at the same level. Whiter lowest rates were recorded in the brand MSS / M production of “Gazprom Salavat neftekhim” and Penoplex.

MRC