Expandable polystyrene Prices, markets & analysis
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Expandable polystyrene US Transcript
The North America Expandable Polystyrene report provides domestic prices for the most widely used grades of expandable polystyrene, block and shape. It has prices for the US, Canada and Mexico expressed in cents per pound and US Dollars per metric tonne.
Commentary covers feed stocks, plant outages, policy issues, news and import-export statistics. Commentary also includes a brief description of issues in other regions, so our subscribers can estimate their options. A section on feed stocks keeps subscribers up to date and explains cost pressures that sooner or later will affect expandable polystyrene prices.
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North American expandable polystyrene (EPS) prices have risen by 3 cents/lb In the period from mid-August to mid-November 2013, with many sources expecting some price reduction by the end of the year.
Prices held steady in August and September, despite a 5.5% increase in feedstock benzene prices during that same period. While producers had announced a 3 cent/lb price increase in September, the increase was delayed for competitive reasons with producers concerned that low-priced imports from Asia could come into the market and take market share.
However, by October, producers were able to push through the 3 cent/lb increase, as strong demand and tight supply pushed prices higher despite a downward trend in feedstock costs. Demand was strong for much of the period as the key construction market remained in high gear.
Heading into November, construction activity is expected to slow down with the onset of cooler weather. That weaker demand, along with a 6% drop in benzene contracts, has some sources expecting a price drop for EPS before the end of the year.
Updated to mid-November 2013
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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.
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