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US, Mexico EPS spot heads towards fifth consecutive monthly drop

Focus US, Mexico EPS spot heads towards fifth consecutive monthly drop

Focus article by Lane Kelley

HOUSTON (ICIS)--US expandable polystyrene (EPS) producers will drop prices by 9 cents/lb in February because of the continuing plunge in oil prices, buyers and sellers said on Tuesday.

It will be the fifth straight monthly spot decline in EPS, almost double the 5 cents/lb cut in early January.

"I believe this February reduction could be the last, and will be the floor for EPS prices," a seller said in an email, adding that demand has been seasonably soft.

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