North American PS prices drop in July

By Frank Esposito
Senior Staff Reporter

Published: August 22, 2013 2:36 pm ET
Updated: August 22, 2013 2:38 pm ET

Related to this story

Topics Materials Resin Pricing Materials Suppliers
Companies & Associations

A drop in price for benzene feedstock led North American prices for solid polystyrene to dip an average of 2 cents per pound in July.

Regional PS prices had been flat in June after climbing 2 cents per pound in May. The July move was tied into a decline of almost 9 percent that hit the benzene market between May and July. Benzene prices fell from $4.47 per gallon to $4.07 in that two-month period.

But benzene prices already were trending upward again as of mid-August, with spot prices between $4.30 and $4.40 per gallon. This turnaround is leading some market watchers to speculate that PS prices could see a substantial increase in August or September.

Regional solid PS prices now are down 4 percent so far in 2013, based on prices for injection molding grades of high-impact PS as shown on the Plastics News resin pricing chart. That decrease includes a 5-cent decline that occurred in early 2013.

North American sales of solid PS into electrical/electronic applications were up 12 percent in the first four months of 2013, according to the American Chemistry Council in Washington. But overall solid PS sales essentially were flat in the same comparison.

Food packaging/food service was the largest single end use for solid PS in that four-month period with a market share of almost 58 percent, according to ACC. Sales in that segment were up 1.5 percent in the period.

The major PS news event for the summer of 2013 has been Styron LLC’s sales of its expandable PS business to resin distributor and compounder Ravago SA. The sale includes an EPS plant in Schkopau, Germany, as well as the Sconapor brand name.

Berwyn, Pa.-based Styron is a major producer of styrenic resins and latex and rubber products. In North America, Styron owns 50 percent of Americas Styrenics LLC, the region’s largest PS maker. Styron employs 2,100 worldwide and has annual sales of around $5.5 billion.


Comments

North American PS prices drop in July

By Frank Esposito
Senior Staff Reporter

Published: August 22, 2013 2:36 pm ET
Updated: August 22, 2013 2:38 pm ET

Post Your Comments


Back to story


More stories

Image

PolyOne launches Geon BIO PVC using soy-based materials

April 24, 2015 11:48 am ET

More than a decade of research is paying off for Battelle Memorial Institute in the form of Geon BIO PVC compounds from PolyOne Corp.    More

Image

Study suggests infants at lower risk from BPA exposure than expected

April 23, 2015 4:58 pm ET

A new study shows that newborn babies may have less risk from bisphenol A exposure than originally thought.    More

Image

Braskem and Odebrecht reconsidering West Virginia plastics project

April 23, 2015 2:54 pm ET

Brazilian firms Braskem and Odebrecht have confirmed that they are re-evaluating Project Ascent, the major plastics and petrochemicals project they...    More

Image

DuPont center in India gets LEED Certification

April 23, 2015 1:07 pm ET

DuPont Co.'s Knowledge Center in Hyderabad, India, was awarded LEED certification by the U.S. Green Building Council.    More

Image

SiVance opens new R&D lab

April 23, 2015 12:07 pm ET

Milliken & Co. unit SiVance LLC has opened a new research and development lab for silicone and silane technologies in Gainesville, Fla.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events