Solid PS prices fall 1 cent

By Frank Esposito
Senior Staff Reporter

Published: July 3, 2014 10:20 am ET
Updated: July 3, 2014 10:22 am ET

Related to this story

Topics Materials, Canada, Mexico, United States, Materials Suppliers
Companies & Associations American Chemistry Council

North American prices for solid polystyrene resin fell again in June amid weak demand for that material.

Solid PS prices ticked down an average of 1 cent per pound, according to buyers and market watchers contacted by Plastics News. Prices had fallen a total of 5 cents per pound in April and May.

Those declines came after regional solid PS prices had shot up a total of 15 cents per pound in the three month December-February period.

The June price drop shadowed a decline of about 2 percent in prices for benzene feedstock, which fell to $4.48 per gallon. Benzene already has settled at $5.28 for July — an 18 percent increase — leading some to expect higher PS prices as well.

Through May, North American solid PS demand was down more than 4 percent vs. the same period in 2014, according to the American Chemistry Council in Washington. The market has been unable to build on the 1 percent demand growth seen for full-year 2013.

Most major solid PS end markets have seen sales declines through May. Sales to resellers and distributors are down almost 9 percent, and sales to the material’s dominant food packaging/food service sector are down almost 1 percent.


Comments

Solid PS prices fall 1 cent

By Frank Esposito
Senior Staff Reporter

Published: July 3, 2014 10:20 am ET
Updated: July 3, 2014 10:22 am ET

Post Your Comments


Back to story


More stories

McCann expanding in Ohio

December 17, 2014 11:59 am ET

Compounding firm McCann Plastics will spend $1.2 million on an expansion project that will create 15 new jobs at its plant in Green, Ohio.    More

Image

New extruders, repelletizer to improve production for InterGroup

December 17, 2014 6:00 am ET

InterGroup International Ltd. will install new, larger extruders and repelletizers at all three of its plastic scrap recycling locations in 2015.    More

Image

Shipping slowdowns add to season's stress

December 16, 2014 4:02 pm ET

Toy companies know what they want for Christmas: an end to crippling shipping delays at West Coast ports.    More

Mold maker I. Thibault plans to invest more capital in Mexico

December 16, 2014 1:03 pm ET

Canadian mold maker I. Thibault Inc. plans to invest more capital in its wholly owned Mexican subsidiary, which it started operating in the summer.    More

Image

Milacron opening Mexico technical center, considers another in Brazil

December 16, 2014 12:58 pm ET

Milacron LLC plans to officially open a new technical center in Querétaro, 140 miles northwest of Mexico City, early in 2015, and the company is consi...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

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

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

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events