After the rollover of the August styrene monomer reference contract, contract prices for the majority of styrenics also remained stable, especially as there was no other stimulus to affect prices. Demand in August was largely dominated by the holiday season, although some players took advantage of the comparatively low price level to build up stocks.
For September, no significant price changes were expected. Processors aimed for slight reductions, particularly as the September styrene monomer reference contract receded by €20/t ($22). Meanwhile, PS and EPS producers are demanding higher prices. A weak rollover could be a likely outcome.
An upturn in business could possibly come from the increased demand when converters begin building up stocks again after their vacation.
data provided by PIEWeb www.pieweb.com