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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
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q4 2016
Feedstock styrene was the main driver of European expandable polystyrene (EPS) prices in both October and November, and players are, at the time of writing, cautiously awaiting the December styrene contract settlement amid market talk that it could increase by three digits.
The main drivers behind any possible increase are higher Asian styrene values and the euro/dollar exchange rate.
A €100/tonne styrene hike, or even more, would see EPS demand decline sharply, given the Christmas break, and make it difficult for producers to implement, sources said. However, a more moderate styrene increase would mean business as usual.
Demand remained at normal levels throughout the quarter, with no large ups or downs. Volumes have begun to move lower ahead of the Christmas holidays and because winter conditions have not helped exterior insulation.
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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.