ICIS has a network of locally based reporters providing coverage of regional Polystyrene markets. They provide not just pricing information, but an in-depth understanding of the factors driving prices and market fluctuations.
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Polystyrene news and market information products from ICIS
We offer the following regional Polystyrene coverage to keep you informed of factors and developments affecting prices in the Middle East-South Asia Polystyrene marketplace.
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Insight and analysis of factors driving prices.
Updated to Q1 2018
Supply was balanced-to-tight as some producers slowly ramped up production rate after their scheduled maintenance shutdowns in Q4 of 2017. There was also the Lunar New Year in mid-February, which most of Asia celebrated. PS plants were mostly shut at least one week in advance of the New Year and after the long holidays, these plants started to ramp up production. These limited supply was also directed to the rest of the Asian market, instead of the Middle East/South Asia markets, where profit margins were more lucrative for sellers.
However, Asian supply to Middle East/South Asia was constant with much of the regions’ supply provided for by their regional suppliers.
Demand was considered constant with regular buyers procuring cargoes from their Asian suppliers.
The Middle Eastern market mostly depend on their regional supplier for their needed cargoes. Any extra material that buyers wanted would have to be bought from Asia.
The South Asian market also spelt the same story.
Supply and demand was considered balanced in Q1.
The ICIS Middle East South Asia polystyrene (PS) weekly report enjoys a strong benchmark status in the Middle East and is used as a reference by several market participants in South Asia.
The report captures price movements in the Gulf Corporation Council (GCC) and the East Mediterranean (East Med), as well as Iran, India and Pakistan.
General purpose polystyrene (GPPS) and high impact polystyrene (HIPS) are covered.
The report delves into market factors that affect prices, including feedstock costs, supply-demand fundamentals and freight rates.
While providing analysis of the current situation, the report outlines emerging trends that could influence pricing in the near future.
In addition, it lists plant turnarounds, outages and start-ups. It also tracks changes in freight rates on a weekly basis.
By communicating closely with a wide cross-section of market players, including buyers and sellers, ICIS has maintained the accuracy of the report and enhanced its status as an independent and objective price reporting service.
The ICIS PS report helps industry players make informed trading and business decisions.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including 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.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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 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.