Polystyrene Europe

摘要

European polystyrene converters expected the recent financial market malaise to temper any contract price increases in September, despite the expectation that feedstock costs would increase and a number of converters return to the market to replenish stocks. In addition, a large portion of European styrene capacity, almost 2 million mt/year of nameplate capacity, was expected to begin scheduled maintenance in Q3 and Q4, which could restrict styrene and, in turn, PS supply until the end of the year. In August, most PS sources agreed that despite demand being seen improved over July, September is not expected to be much better. "July was a dead loss, but August was not bad, and some normality did return. I don't think that September will be great," a styrene trader said, commenting on the styrenics chain.