Polystyrene prices drop 3 cents

By Frank Esposito
Senior Staff Reporter

Published: May 8, 2014 10:06 am ET
Updated: May 8, 2014 10:09 am ET

Image By: Jessica Jordan, Plastics News

Related to this story

Topics Materials, Resin Pricing, Materials Suppliers

North American solid polystyrene prices tumbled down an average of 3 cents per pound in April, according to market sources contacted by Plastics News.

The drop came after regional solid PS prices were flat in March, even though prices for its key benzene feedstock fell almost three percent vs. February to $4.95 per gallon. Benzene prices fell again in April — dropping three percent to $4.80 per gallon — and this time they took solid PS prices down with them.

Market watchers said another PS price dip is a strong possibility for May, since benzene prices for the month already have settled down almost five percent vs. April to $4.57 per gallon. Prior to the flat March and the April slide, regional solid PS prices had soared up a total of 15 cents between December and February.

North American solid PS sales were down almost 1 percent in March, when compared to the same month in 2013, according to the American Chemistry Council in Washington. Sales of the material to compounders tumbled almost 10 percent for the month.

Through March, regional PS sales were down just over 3 percent in 2014. Sales to resellers and compounders were off almost 11 percent, while sales into consumer and institutional ends uses were down almost four percent.

PS sales into the material’s dominant food packaging/food service end market provided a bright spot in the first quarter, increasing more than 1 percent. That category accounted for almost 58 percent of all PS end uses during the quarter.

Regional PS supplies are expected to be tightened by the end of 2014 as Styrolution LLC phases out its PS plant in Indian Orchard, Mass. That plant has annual capacity of more than 300 million pounds.


Comments

Polystyrene prices drop 3 cents

By Frank Esposito
Senior Staff Reporter

Published: May 8, 2014 10:06 am ET
Updated: May 8, 2014 10:09 am ET

Post Your Comments


Back to story


More stories

Image

Bayer spinning off plastics business

September 18, 2014 8:49 am ET

Bayer AG will spin off its MaterialScience plastics group into a separate, publicly-traded company within the next 12 to 18 months.    More

Image

Investor group wants DuPont to split in two

September 18, 2014 7:37 pm ET

Investment firm Trian Fund Management LP is calling for plastics and chemicals giant DuPont Co. to split itself into two firms, one of which would...    More

Image

Minnesota receives grant to help develop new bioplastics

September 17, 2014 4:08 pm ET

The University of Minnesota has received a $20 million grant to fund the development of new types of bioplastics.    More

Image

China's Polymax Elastomer launches U.S. production in Illinois

September 17, 2014 3:35 pm ET

Chinese materials maker Polymax Elastomer Technology Co. Ltd. has opened a North American production site and headquarters in Waukegan, Ill.    More

Image

PolyOne helps nonprofit get water purification to more places in need

September 17, 2014 1:59 pm ET

Resin giant PolyOne Corp. is teaming up with WaterStep, a non-profit water purification agency, to help the group assist a greater number of disaster ...    More

Market Reports

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

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook – North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Upcoming Plastics News Events

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

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

More Events