PS up after cost surge

摘要

Polystyrene prices leapt in August following a surge of ?125/tonne in the monthly styrene monomer contract price, driven by benzene. Producers announced hikes of ?140/tonne for general-purpose grades and targeted an increase of ?160/ tonne for high impact PS. They achieved a rise of around ?120/ tonne for GPPS with slightly higher gains for HIPS despite the early August oil price slide.