North American prices for solid polystyrene resin decreased an average of 3 cents per pound in July, due in part to lower feedstock costs. Plastics News this week also is showing pricing changes for several recycled materials.
The 3-cent PS decline occurred as prices for benzene feedstock — used to make styrene monomer — dipped 15 cents to $2.84 per gallon. That move represents a 5 percent decline vs. benzene prices for June.
Regional PS prices had been flat in June after falling 4 cents per pound in May. Counting previous increases and decreases, PS prices now are down a net of 1 cent per pound since Jan. 1.
North American PS sales slumped 5.5 percent in the first half of 2018. A domestic sales loss of just over 6 percent was lessened by a 19 percent surge in export sales. PS sales to resellers and distributors grew almost 10 percent in that six-month period.