23 October 2012 20:32 [Source: ICIS news]
One buyer said some larger buyers only saw an increase of 2-3 cents/lb, but agreed that some smaller buyers probably saw an increase of 3-4 cents/lb.
The increases are based on higher benzene prices, which were discussed as high as $5.45/gal this week, and styrene prices, which were expected to settle higher in October.
High EPS prices, combined with a construction market that is winding down for the year, have resulted in weak demand, sources said.
Many new construction projects are not expected to be started until after the new president takes office in December, buyers have said.
"We are hoping prices will be a little bit lower then," said one buyer.
Mexico EPS spot prices were assessed by ICIS at 117-121 cents/lb DEL (delivered) for block material and 113-117 cents/lb DEL for package material.
Major Mexico EPS producers include Polioles and Polidesa.
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