Volume: Better
Price: Steady
After giving back a few cents from an early summer cost-induced price increase, the spot Polystyrene market has again stabilized. Spot offerings have increased somewhat, but they are not overly abundant. There has been a fairly steady flow of good offgrade railcars, along with some lower quality railcars that are usually well discounted to the market.
Record high Crude oil prices can lend strength to the Benzene market. If so, Polystyrene prices, which have been closely tied to feedstock costs, can return back towards summer highs. Supplies are such that producers should have little problem holding back spot resin if the market needs support.
Price: Steady
After giving back a few cents from an early summer cost-induced price increase, the spot Polystyrene market has again stabilized. Spot offerings have increased somewhat, but they are not overly abundant. There has been a fairly steady flow of good offgrade railcars, along with some lower quality railcars that are usually well discounted to the market.
Record high Crude oil prices can lend strength to the Benzene market. If so, Polystyrene prices, which have been closely tied to feedstock costs, can return back towards summer highs. Supplies are such that producers should have little problem holding back spot resin if the market needs support.
