European polystyrene margins come off record highs as rates skyrocketPosted by Riddle Tuttle on January 13th, 2021 March polystyrene margins over feedstock styrene in Europe have dropped from the all-time highs struck in February also as prices of all grades of PS climbed a large Eur85/mt month on month, Platts data reveal.While basic objective polystyrene prices agreement rates were last examined at Eur 1,340/ mt (,490/ mt) FD FD NWE, up Eur85 from February, the high influence polystyrene costs were last assessed at Eur1,425/ mt FD NWE and also expanding polystyrene increasing by a comparable amount to Eur1,345/ mt FD NWE. Considering styrene for March settled at Eur1,025/ mt FD NWE, this indicated a Eur315/mt margin for GPPS, Eur400/mt for HIPS as well as Eur320/mt for EPS. polymer water treatment chemicals are all less than February's when PS agreement costs went down Eur30 month on month. Margins signed up for GPPS, HIPS and EPS with February were Eur330/mt, Eur415/mt as well as Eur335/mt specifically. Converters and traders claimed the March margins were still really high considering the production cost for PS over styrene is almost 0-0/mt. "PS rates have been elevated by a greater amount than feedstock styrene recommended," a converter claimed. One more converter stated that he was expecting a maximum of Eur65/mt rise in PS contract prices for March and also was shocked when better increases were announced by producers. Traders claimed they had approved the rise from manufacturers because there was very little product readily available. "Supply is tight. It is hard to to acquire PS items if one does decline a minimal Eur80 rise over February prices," a source at one of the largest traders in Europe said. Complying with the styrene negotiation for March, significant producer IneosStyrolution increased its contract uses for GPPS and also high effect PS for January by Eur120/mt, while Trinseo elevated the costs of both its GPPS and HIPS grades by Eur100/mt. Several other producers and traders adhered to with comparable change in prices. A significant EPS manufacturer elevated offers for March by Eur85/mt. PS producers in Europe do not provide outright numbers for their offers however divulge the modification in prices on a month-on-month basis. "Demand for polystyrene in Europe has actually been solid considering that December. It remains to be great as well as now summer need from packaging is beginning so supply may tighten up additional and assistance prices," a producer claimed. Like it? Share it! More by this author |