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, Materials Suppliers, Resin Pricing

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

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

BASF pre-tax earnings rise, but will miss financial targets for 2015

October 24, 2014 10:16 am ET

BASF SE has raised its expectations for pre-tax earnings in 2014 but warned that it would not hit its financial targets for next year.    More

Image

Sabic, Shell cancel expansion for SADAF joint venture in Saudi Arabia

October 24, 2014 9:19 am ET

Saudi Basic Industries Corp. and Royal Dutch Shell have cancelled plans to expand an existing petrochemical joint venture in Saudi Arabia following...    More

Image

Sadara CEO says Middle East now has 20 percent of global ethylene capacity

October 24, 2014 9:33 am ET

Sadara CEO Ziad Al-Labban claims that the Middle East's ethylene capacity is now 20 percent of global production.    More

Image

PolyOne increases quarterly profits despite falling sales

October 23, 2014 4:55 pm ET

North American compounding leader PolyOne Corp. saw its third-quarter profit increase, even as sales fell vs. the year-ago period.    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