European polystyrene margins come off record highs as prices soar

  March polystyrene margin of more than raw material styrene has from February a record price of all grades of PS even in Europe dropped a record high month rose sharply Eur85 / t month》

  Energy information data showed that although general purpose polystyrene the price of the contract price in the last euro 1340 / ton ($ 1,490 / ton) FD FD NWE, up Eur85 February assessment, HIPS prices last assessment Eur1,425 / ton FD NWE and foaming polystyrene rise by a similar amount to Eur1,345 / ton FD Northwest Europe. March consideration styrene settlement Eur1,025 / ton FD Northwest Europe, which means GPPS, HIPS is and Eur320 / ton EPS Eur400 / ton a Eur315 / ton margin.

   These margins are lower than in February, when the low contract prices EUR30month on month. Sign up to February GPPS, HIPS and EPS margins were Eur330 / tonne, Eur415 / t and Eur335 / ton. Converters and traders said profit margins remained high in March to consider PS production costs than styrene just $ 150- $ 200 / ton.

  "PS prices have made a higher amount than the raw material styrene recommendations," said converter. Another drive that he is the biggest PS contract prices in March Eur65 / ton up to expectations and surprised bigger increase was announced by the manufacturer. Polystyrene recycling industry is worth for enterprises to develop..