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

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

Celanese buys conductive polymer supplier

October 21, 2014 4:31 pm ET

Materials firm Celanese Corp. has acquired most of the assets of conductive polymers maker Cool Polymers Inc. for an undisclosed price.    More

Image

BASF targets coffee and automotive connoisseurs with new resin grades

October 21, 2014 2:07 pm ET

BASF SE is using polybutylene terephthalate (PBT), which is normally used to manufacture high-end electronics, in a food consumer packaging product.    More

Materials firm realigns business divisions

October 20, 2014 1:23 pm ET

Trinseo S.A., formerly known as Styron L.L.C., is realigning its business divisions, creating two new business groups — Performance Materials...    More

Image

Corbion Purac collaboration taking bioplastics into even more uses

October 17, 2014 6:00 am ET

Corbion Purac NV's collaboration with Taiwan-headquartered compounder Supla Co. Ltd. and Taiwan electronics producer Kuender & Co. is paying...    More

Image

Momentive gearing up for some timely LSR sales

October 17, 2014 10:58 am ET

Momentive Performance Materials Inc. has plenty of time for customers at Fakuma — thanks to colorful new watchbands made with the firm's fiber-r...    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events