Styrenic prices moved in different directions in June. PS and EPS tended to follow the increase in the cost of styrene, but generally not in full. ABS on the other hand experienced further price cuts because the rise in the cost of styrene did not have such a pronounced effect on the composite costs as the marked fall in the prices of butadiene (€300/$344/t) and ACN (€50/t).
Demand for styrenics in June continued to be very lively. In July, styrenic prices were again expected to move in different directions. With the renewed rise in the cost of styrene (€27/$32/t), rates for PS and EPS will rise again while, in the case of ABS, the latest crash in the price of butadiene (€400/$459/t) will play the key role and pull prices further down.