Polystyrene Europe Transcript
The weekly European polystyrene (PS) report follows general purpose (GP), or crystal prices, and high impact pricing. The report is widely used as a benchmark within the industry and is an established and trusted source of information.
The polystyrene market has changed significantly in recent years. For example, in 2009 around 11% of installed capacity in Europe was permanently closed due to poor economics. This drastic move followed an even more drastic one in 2006 when around 13% of capacity was closed.
Since these closures, the supply/demand balance has been in favour of producers and prices have tracked styrene very closely Producers have also been able to introduce some margin into the industry as until then losses had been severe.
As European PS pricing is closely linked to styrene, the ICIS report gives accurate, timely commentary on movements in the styrene market and expectations of the outcome of negotiations in the monthly styrene contract.
As soon as the monthly styrene contract is settled, the PS market moves into action and major PS buyers and sellers are canvassed by ICIS.