Polystyrene United States

摘要

June US domestic polystyrene contracts remained unsettled this week but were expected to fall by 5 cents, sources said. Decreases of 3-5 cents have been heard for June, but sources said the declines would likely be of 5 cents as some sellers were heard matching that amount. The decreases were expected as the June US benzene contract price fell 59 cents/gal from May to settle at 225 cents/gal. Per industry feedback, 10 cents/gal change in benzene prices is equal to 1 cent/lb change in styrene and polystyrene production costs. However, sources said this week that the drop in June could be short-lived as benzene spot prices have rebounded since the contract settlement, assessed Wednesday at 271 cents/gal FOB USG.