Source: ChemOrbis Price Wizard
Nonetheless, players concur that traders have not brought any more material than they could sell over the past couple of months which has kept price cuts for polystyrene in check. “Demand has been quite depressed for the last several weeks. We struggled to make sales particularly for HIPS amidst very competitive prices we are hearing from our customers. Thus, we are reluctant to engage in fresh purchases for now,” a distributor said. Another distributor agreed, “We do not prefer to replace material with cargoes which will arrive at the end of February or March as demand is weak, particularly for HIPS.”