Expandable polystyrene Prices, markets & analysis
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Expandable Polystyrene Europe Transcript
The European EPS report monitors prices for block and packaging grade EPS material, in Europe valued in Euros and in the UK valued in Pounds Sterling.
These prices are revised on a monthly basis but the commentary of the report also covers the background dynamics that govern and drive the market. And therefore is just as valuable for the readers in terms of forming their own benchmarks for their prices and the margins on which they need to operate upon.
In order to produce the report we talk to many buyers in a variety of countries, we also talk to distributors; we talk to all the key producers who account for over 90% of the total output in Europe. The market is characterised by long-term stable relationships between producers and their customers.
The report itself is also distinguished by similar long term relationships with our sources, and they recognise the objectivity and the integrity that underlie the report.
Expandable polystyrene news and market information products from ICIS
We offer the following regional Expandable polystyrene coverage to keep you informed of factors and developments affecting prices in the Europe Expandable polystyrene marketplace.
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Updated to Q4 2014
Steady feedstock costs saw October contracts in the European expandable polystyrene (EPS) market roll over from the previous month. While demand was expected to be softer in Q4, there was an initial flurry of purchasing in October following news of an outage on styrene at Shell’s Moerdijk site in the Netherlands. But with the bullishness on the monomer short lived, this eventually saw November EPS contracts roll over again following the flat settlement on styrene.
Players had initially sought to push prices up in order to recoup some lost production margins, but this was countered by seasonally weak demand and falling upstream numbers. With a €150/tonne reduction on styrene for December, EPS suppliers have been pushing for a smaller decrease of €100-120/tonne to help restore margins. Some players have reported healthy offtake in the packaging sector, but the majority of EPS feeds into the construction and insulation industry which is languishing due to the seasonal slowdown ahead of year-end. One producer said that its volumes for December 2014 were lower than what it saw during the same month last year.
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ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Expandable polystyrene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
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ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Expandable polystyrene, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.