Get the latest insights on price movement and trend analysis of General Purpose Polystyrene (GPPS) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Polystyrene (GPPS) Price Trend for the First Half of 2023
The first quarter of 2023 saw a gradual decline in the price trend of polystyrene (GPPS), as the major cause of this fall was the consistent ups and downs in the crude oil sector. The supply of products was further hampered by the delays due to labor strikes. Another cause of worry for the manufacturers was the low demand from the downstream industries.
These problems were further amplified in the second quarter as the packaging and derivatives industries were hit by a low volume of sales. In the latter half of the second quarter, the level of inventories at the domestic ports inclined, causing the traders to lower their bids and thus leading to the notable decline in the price trend of polystyrene (GPPS).
High fluctuation in crude oil prices affected the domestic demand for polystyrene (GPPS), and with seasonal fluctuations in the region, the price trend of polystyrene (GPPS) declined in the first quarter of 2023. Along with the weak demand dynamics of the region, the polystyrene (GPPS) market, the second quarter also witnessed feeble trading sentiments as the oversupply at ports and sluggish consumption rates had a negative impact on the prices. In addition to this, the feedstock prices and high economic uncertainties caused the price trend of polystyrene (GPPS) to move southwards.
In North America, the crude oil market led to a rise in the cost of production that widened the supply-demand gap in the region. The procurement rates improved slightly in the middle of the second quarter with the help of improvement in the consumption rates, but soon, the debt crisis swallowed the growth potential of the economy, and with struggling feedstock costs, the price trend of polystyrene (GPPS) declined gradually.
According to Procurement Resource, the price trend of Polystyrene (GPPS) is expected to fall in the upcoming months as the demand from the end-user industries does not seem to support the growth of polystyrene (GPPS) market.
Procurement Resource provides latest prices of Polystyrene (GPPS). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
General Purpose Polystyrene (GPPS) is a transparent thermoplastic polymer made from styrene monomers. It is known for its glass-like clarity, rigidity, and electrical insulating properties. GPPS is widely used in various applications, including packaging materials, disposable foodservice products, medical devices, electronic components, stationery, toys, and more. Its versatility, ease of molding, and affordability make it a popular choice in industries requiring transparent or rigid materials.
|Product Name||Polystyrene (GPPS)|
|Industrial Uses||Packaging, Food services, Stationary, Automotive, Custom Packaging, Electronics, Medical devices|
|Supplier Database||SABIC, Total, LG Chem, BASF SE, INEOS Styrolution Group GmbH|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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