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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News & analysis
News & Analysis - News & market analysis specifically relating to Polystyrene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q4 2016
Polystyrene (PS) prices in the Middle East and south Asia were higher in the fourth quarter of 2016, tracking an uptrend in feedstock styrene monomer (SM) prices. Asian producers hiked offers to recover margins from the sharp SM spike in November.
However, Middle East trade remained slow after the Eid holidays, with sporadic deals done on need-based buying. Despite expectations of improved demand after the holidays, enquiries were limited as buyers were unable to accept the sharp hikes in Asian prices.
Average prices of general purpose PS (GPPS) fluctuated between $1,180-1,285/tonne CFR (cost & freight) Gulf Councel Cooperation (GCC) in the final quarter, while prices of high impact PS (HIPS) ranged at $1,225-1,330/tonne CFR GCC.
In India, buying interests were dampened after the demonetisation policy in November. Downstream demand was also lacklustre following the Diwali festival.
Average prices of general purpose PS (GPPS) ranged at $1,160-1,310/tonne CFR India, while prices of high impact PS (HIPS) varied from $1,205-1,355/tonne CFR India.
On the whole, prices were largely driven by SM trends over the final quarter, against a backdrop of need-based buying and slow demand across the region.
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.