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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News & Analysis - News & market analysis specifically relating to Expandable polystyrene
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Updated to Q2 2014
European expandable polystyrene (EPS) prices have closely followed styrene monomer cost movements in the second quarter.
In April EPS prices rose €15/tonne, in line with styrene monomer costs. In May EPS prices rose €25/tonne on the back of a €20/tonne increase in styrene monomer costs, in light of strong demand. In June, EPS prices fell €30/tonne, on the back of a €45/tonne drop in styrene monomer costs.
Broadly good demand across Europe enabled EPS producers to improve margins. Demand in some regions, however, particularly for insulation material, remains soft, in light of weak construction activity on the back of weak macroeconomic conditions. Sources in Italy and Germany have noted some weakness in demand.
The second quarter is typically the start of the peak demand season for the EPS industry, largely driven by summer construction activity and packaging demand. This year, however, a mild winter and an early summer have eroded some of the typical summer peak season, distributing demand more evenly throughout the 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.