Press release
๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐๐ง๐ ๐๐ซ๐ข๐๐๐ฌ, ๐๐ก๐๐ซ๐ญ, ๐๐๐ฆ๐๐ง๐ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ
๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐๐ง๐ ๐๐ซ๐ข๐๐ ๐๐ง ๐๐๐โข ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: 1687 USD/MT
In Q4 2023, the US polystyrene market was weak, with prices stable at 1687 USD/MT in December
The latest report by IMARC Group, titled "๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐๐ง๐ ๐๐ซ๐ข๐๐ ๐๐ซ๐ข๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐: ๐๐ซ๐ข๐๐ ๐๐ซ๐๐ง๐, ๐๐ก๐๐ซ๐ญ, ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐๐ฐ๐ฌ, ๐๐๐ฆ๐๐ง๐, ๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ญ๐," provides a thorough examination of Polystyrene Prices. This report delves into the globally, presenting a detailed analysis, along with an informative. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Polystyrene Price demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐๐ง๐ ๐๐ซ๐ข๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
โข ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: 1241 USD/MT
โข ๐๐๐ฅ๐ ๐ข๐ฎ๐ฆ: 1673 USD/MT
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐๐ซ๐ข๐ง๐ :
โข ๐๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐๐ฉ๐๐๐ญ๐๐ฌ: Annual Subscription
โข ๐๐ฎ๐๐ซ๐ญ๐๐ซ๐ฅ๐ฒ ๐๐ฉ๐๐๐ญ๐๐ฌ: Annual Subscription
โข ๐๐ข๐๐ง๐ง๐ฎ๐๐ฅ๐ฅ๐ฒ ๐๐ฉ๐๐๐ญ๐๐ฌ: Annual Subscription
The study delves into the factors affecting Polystyrene Price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐จ๐ซ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/polystyrene-pricing-report/requestsample
๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐๐ง๐ ๐๐ซ๐ข๐๐ - ๐๐๐ฌ๐ญ ๐๐ฎ๐๐ซ๐ญ๐๐ซ
The polystyrene market is being driven by a variety of factors. Key drivers include the material's versatility and widespread application in industries such as packaging, construction, and electronics. Moreover, the growing application of polystyrene in the food and beverage (F&B) sector for packaging due to its lightweight and insulating properties is creating a positive outlook for the market. Additionally, the burgeoning material demand in the construction industry for insulation and other building materials is acting as a growth-inducing factor. Furthermore, the widespread application of polystyrene in the automotive sector for lightweight vehicle components is contributing to the market growth.
๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐๐ง๐ ๐๐ซ๐ข๐๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
During the last quarter, polystyrene prices in the USA witnessed a marked decline, driven by a persistent supply surplus and weak demand from critical industries such as packaging and construction. Moreover, production levels remained robust, outpacing the actual market requirements, which led to an oversupply situation. This oversupply was exacerbated by sluggish industrial activity, particularly due to seasonality factors, resulting in reduced consumption. Another significant factor was the decreasing price of feedstock styrene, coupled with lower crude oil prices, which lowered overall production costs. These cost reductions were passed on to the market, further driving down prices.
In South Korea, polystyrene prices increased substantially in the last quarter, driven by a combination of rising raw material costs and heightened demand from key downstream sectors like packaging, electronics, and automotive. The price of feedstock styrene, as well as crude oil, surged, pushing up production expenses for polystyrene manufacturers. Additionally, steady demand from robust sectors exerted upward pressure on prices. Supply chain disruptions, compounded by logistical challenges and geopolitical tensions, further contributed to the price escalation. The South Korean market also saw a resurgence in manufacturing activities, which, combined with favorable economic conditions, supported a positive pricing trend.
In Belgium, polystyrene prices faced a notable downtrend in the last quarter, driven by oversupply and reduced demand from industries such as packaging and construction. The region experienced stable upstream ethylene prices, which prevented significant increases in production costs but did not counterbalance the effects of oversupply. Moreover, high inventory levels across the region led to aggressive pricing tactics among suppliers, further contributing to the decline. Additionally, economic uncertainties and a cautious approach from downstream industries added to the lackluster demand. The supply chain was well-positioned, with improved logistics ensuring consistent availability, which added to the pressure on prices.
๐๐ฉ๐๐๐ค ๐๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ:- https://www.imarcgroup.com/request?type=report&id=22620&flag=C
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ซ๐ข๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข ๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
โข ๐๐ฎ๐ซ๐จ๐ฉ๐: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
โข ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐: United States and Canada.
โข ๐๐๐ญ๐ข๐ง ๐๐ฆ๐๐ซ๐ข๐๐: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
โข ๐๐ข๐๐๐ฅ๐ ๐๐๐ฌ๐ญ & ๐๐๐ซ๐ข๐๐: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
๐๐จ๐ญ๐: ๐๐ก๐ ๐๐ฎ๐ซ๐ซ๐๐ง๐ญ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ ๐ฅ๐ข๐ฌ๐ญ ๐ข๐ฌ ๐ฌ๐๐ฅ๐๐๐ญ๐ข๐ฏ๐, ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง๐ญ๐จ ๐๐๐๐ข๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐๐ฌ ๐๐๐ง ๐๐ ๐จ๐๐ญ๐๐ข๐ง๐๐ ๐๐จ๐ซ ๐๐ฅ๐ข๐๐ง๐ญ๐ฌ ๐ฎ๐ฉ๐จ๐ง ๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ.
๐๐จ๐ง๐ญ๐๐๐ญ ๐ฎ๐ฌ:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
๐๐ฆ๐๐ข๐ฅ: sales@imarcgroup.com
๐๐๐ฅ ๐๐จ:(๐) +91 120 433 0800
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ: +1-631-791-1145
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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