Volume: Fair
Price: Steady
Spot Polystyrene prices remain mostly within the range of the $.70s/lb. The high price level of resin has damaged demand and producers have responded by reducing production capacity (some indefinitely) and restricting operating rates. Disciplined production has limited spot supplies providing buyers with little alternative to prime resin contracts.
There has still been a steady but minimal flow of good offgrade and occasional Generic Prime resins offered to the market. Those railcars of very good offgrade HIPS have been priced in the mid $70s/lb, while good GPPS has been low $.70s/lb. Problematic resins, such as low izod, off color or black specs have been priced with at least a several cent discount to good material.
Price: Steady
Spot Polystyrene prices remain mostly within the range of the $.70s/lb. The high price level of resin has damaged demand and producers have responded by reducing production capacity (some indefinitely) and restricting operating rates. Disciplined production has limited spot supplies providing buyers with little alternative to prime resin contracts.
There has still been a steady but minimal flow of good offgrade and occasional Generic Prime resins offered to the market. Those railcars of very good offgrade HIPS have been priced in the mid $70s/lb, while good GPPS has been low $.70s/lb. Problematic resins, such as low izod, off color or black specs have been priced with at least a several cent discount to good material.
