19 June 2012 22:22 [Source: ICIS news]
HOUSTON (ICIS)--Mexico expandable polystyrene (EPS) prices lost ground this week, falling along with feedstock prices, market sources said on Tuesday.
Mexico prices fell on average by 2 cents/lb ($44/tonne, €35/tonne) for all grades of EPS.
One producer said some prices were flat, and some fell between 1-2 cents/lb, depending on the size and type of buyer. However, buyers said most of the market saw at least a 2 cent/lb decrease.
While prices for EPS resin have fallen, converters have been losing margin as the Mexican peso falls in value in comparison to the US dollar, sources said. Converters purchase the resin in dollars, but sell their finished goods in pesos.
So far, the situation has not hurt sales volumes at the supplier level, according to one producer.
With the price decrease, Mexico EPS prices were assessed by ICIS at 110-114 cents/lb for block material and 106-110 cents/lb for package material.
Major Mexico EPS producers are Polioles and Polidesa.
($1 = €0.79)
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