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๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ž๐ฌ, ๐‚๐ก๐š๐ซ๐ญ, ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ

09-23-2024 10:06 AM CET | Chemicals & Materials

Press release from: IMARC Group

๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐žs

๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐žs

๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ž ๐ˆ๐ง ๐”๐’๐€

โ€ข ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: 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 "๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ž ๐๐ซ๐ข๐œ๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’: ๐๐ซ๐ข๐œ๐ž ๐“๐ซ๐ž๐ง๐, ๐‚๐ก๐š๐ซ๐ญ, ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ž๐ฐ๐ฌ, ๐ƒ๐ž๐ฆ๐š๐ง๐, ๐‡๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐œ๐š๐ฅ ๐š๐ง๐ ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ ๐ƒ๐š๐ญ๐š," 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.

๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

โ€ข ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š: 1241 USD/MT
โ€ข ๐๐ž๐ฅ๐ ๐ข๐ฎ๐ฆ: 1673 USD/MT

๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ :

โ€ข ๐Œ๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ: Annual Subscription
โ€ข ๐๐ฎ๐š๐ซ๐ญ๐ž๐ซ๐ฅ๐ฒ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ: Annual Subscription
โ€ข ๐๐ข๐š๐ง๐ง๐ฎ๐š๐ฅ๐ฅ๐ฒ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ: 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.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.imarcgroup.com/polystyrene-pricing-report/requestsample

๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ž - ๐‹๐š๐ฌ๐ญ ๐๐ฎ๐š๐ซ๐ญ๐ž๐ซ

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.

๐๐จ๐ฅ๐ฒ๐ฌ๐ญ๐ฒ๐ซ๐ž๐ง๐ž ๐๐ซ๐ข๐œ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ฒ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

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.

๐’๐ฉ๐ž๐š๐ค ๐“๐จ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ:- https://www.imarcgroup.com/request?type=report&id=22620&flag=C

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐๐ซ๐ข๐œ๐ž ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

โ€ข ๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
โ€ข ๐„๐ฎ๐ซ๐จ๐ฉ๐ž: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
โ€ข ๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š: United States and Canada.
โ€ข ๐‹๐š๐ญ๐ข๐ง ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
โ€ข ๐Œ๐ข๐๐๐ฅ๐ž ๐„๐š๐ฌ๐ญ & ๐€๐Ÿ๐ซ๐ข๐œ๐š: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.

๐๐จ๐ญ๐ž: ๐“๐ก๐ž ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐œ๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ ๐ฅ๐ข๐ฌ๐ญ ๐ข๐ฌ ๐ฌ๐ž๐ฅ๐ž๐œ๐ญ๐ข๐ฏ๐ž, ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง๐ญ๐จ ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐œ๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐ž๐ฌ ๐œ๐š๐ง ๐›๐ž ๐จ๐›๐ญ๐š๐ข๐ง๐ž๐ ๐Ÿ๐จ๐ซ ๐œ๐ฅ๐ข๐ž๐ง๐ญ๐ฌ ๐ฎ๐ฉ๐จ๐ง ๐ซ๐ž๐ช๐ฎ๐ž๐ฌ๐ญ.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ฎ๐ฌ:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
๐„๐ฆ๐š๐ข๐ฅ: sales@imarcgroup.com
๐“๐ž๐ฅ ๐๐จ:(๐ƒ) +91 120 433 0800
๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ: +1-631-791-1145

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:
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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