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

Material Insights: PP production issues, preparing for NPE

January 26, 2015 1:38 pm ET

Production problems in Texas add more complication for polypropylene, Entek has new equipment ready to show compounders at NPE and we take a look...    More

Image

J6 Polymers to buy Stepan unit

January 26, 2015 12:22 pm ET

NORTHFIELD, ILL. — Stepan Co. plans to sell its specialty polyurethanes systems business to J6 Polymers LLC in a cash deal.    More

Image

UK legislators debate fracking

January 26, 2015 12:19 pm ET

LONDON — An influential group of members of Parliament has called for a moratorium to be imposed on fracking for shale gas as politicians...    More

Image

Oxo-biodegradable lobby slams 'scaremongering'

January 26, 2015 12:16 pm ET

Single-use plastic carrier bags made from biodegradable material should be exempted from the government’s proposed 5p-a-bag levy in England,...    More

Image

2014 leaves some resin firms in the black while others struggle

January 23, 2015 2:37 pm ET

On the financial side, 2014 was good for Hexcel Corp., so-so for Celanese Corp. and it could have been better for Omnova Solutions.    More

Market Reports

Plastics in Automotive: Innovation & Emerging Trends

This special report newly released by PN and sponsored by The Conair Group examines current trends in the use of plastics in automotive, materials innovations and the changing landscape. It includes a review of legislative/regulatory activity impacting vehicle development and lightweighting, market opportunities & challenges for mold and toolmakers, innovative design strategies being implemented by major OEMs and suppliers, as well as a review of key indicators in Canada, Mexico, Brazil and China.

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

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

Upcoming Plastics News Events

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