Volume: Better
Price: Lower
Spot Polystyrene slipped about $.01/lb this past week. It seems that producers have become a little more aggressive in moving product and we have seen the result in softer prices. While we continue to see a fair amount of lower quality cars, which are often best for export, we have also been seeing a better flow of good offgrade cars and others that seem to be downgraded prime.
The appearance of downgraded Polystyrene could be a result of disappointing demand, since supply had been so closely aligned with forecasts. We did also see some better buying interest develop, so perhaps the market just needed to come off center line to create activity.
There are some scheduled outages in the near future, so we could see the market tighten up again.
Price: Lower
Spot Polystyrene slipped about $.01/lb this past week. It seems that producers have become a little more aggressive in moving product and we have seen the result in softer prices. While we continue to see a fair amount of lower quality cars, which are often best for export, we have also been seeing a better flow of good offgrade cars and others that seem to be downgraded prime.
The appearance of downgraded Polystyrene could be a result of disappointing demand, since supply had been so closely aligned with forecasts. We did also see some better buying interest develop, so perhaps the market just needed to come off center line to create activity.
There are some scheduled outages in the near future, so we could see the market tighten up again.
