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US July PS prices rise 7 cents/lb on higher feedstocks

US July PS prices rise 7 cents/lb on higher feedstocks

HOUSTON (ICIS)--US polystyrene (PS) contract prices for July were assessed higher by 7 cents/lb ($154/tonnes) on Friday, based on a spike in feedstock benzene costs.

With the price hike, US July PS prices were at 113-115 cents/lb for bulk general purpose PS (GPPS) DEL (delivered) and at 121-123 cents/lb for bulk high-impact PS (HIPS) DEL, as assessed by ICIS.

Prices moved higher based on an 18% hike in July benzene contracts, which rose by 80 cents/gal to $5.28/gal.

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