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U.S. polystyrene prices continued to rise through mid-May ****, extending a strong multi-week uptrend as cost pressures, global disruptions, and steady domestic production shaped market sentiment. According to 果酱视频, domestic producers supplied聽of U.S. polystyrene needs, leaving only ** to imports. This strong domestic base helped keep bulk cargoes flowing to Latin America, even as global supply chains faced growing instability. High Gulf Coast operating rates ensured that polystyrene supply remained ample, but rising feedstock costs continued to push prices higher.
Market participants noted that High-Impact polystyrene (HIPS) is forecast to rise around ** in May, although the weekly outlook remains mixed. Some softening is still possible next week, but the overall trend remains upward. The main drivers include rising benzene and styrene costs, which have been heavily influenced by crude oil disruptions linked to the ongoing conflict in the Middle East. These feedstocks are...
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