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 Materials Suppliers Resin Pricing
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

Dow Chemical sees potential for PE growth in packaging

March 30, 2015 1:17 pm ET

The packaging market continues to provide growth for the polyethylene business of Dow Chemical Co. — which is a good thing, since the firm will ...    More

Image

TPUs finding applications in drug-delivery applications

March 30, 2015 12:56 pm ET

Lubrizol Corp. is sending its thermoplastic polyurethane products into medical products, foam and film.    More

Image

Production begins at Sipchem's new EVA, LDPE plant

March 30, 2015 10:36 am ET

A unit of Saudi International Petrochemical Co. (Sipchem) will start commercial operations at its ethylene-vinyl acetate (EVA) and low density...    More

Image

Dow Chemical to merge chlorine operations with Olin

March 27, 2015 12:43 pm ET

Dow Chemical Co. is combining a large part of its chlorine value chain with specialty chemicals and ammunition maker Olin Corp. to create a global...    More

Image

Eastman Chemical expanding Tritan co-polyester capacity

March 27, 2015 10:00 am ET

Eastman Chemical Co.'s Tritan-brand co-polyester business continues to grow, with 35 million pounds of capacity added late last year and a second plan...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

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 billion 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

Upcoming Plastics News Events

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

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

More Events