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LONDON (ICIS news)--Ineos Nova has sold
out of European polystyrene (PS) for April and is already reporting a
strong order book for May, Pierre Minguet, business director for PS,
said on Tuesday.
“Demand is increasing, particularly in XPS [expanded PS].
Things are not super rosy but they are definitely improving and the order book
for May is already strong today,” he said. “We will be able to supply all our
customers, but availability is tight,” he added.
The current styrene spot price was leading to some concern among PS
producers who had earlier been expecting a rollover for the styrene contract in
May. “We now think we might be facing an increase in May [styrene],” said
another major PS producer, “and this will inevitably translate into
higher prices for PS.”
One major PS buyer said that it would probably have to accept an
increase if the May styrene contract rose, as supply in the PS market had been
matched with demand for many months, and that there was limited room for
negotiation.
mrcplast.com |
