Recent shifts in the US Expanded Polystyrene market reflect larger economic trends and specific market dynamics. By May xx, xxxx, the price of grey grade dropped to USD x,xxx per metric ton on DEL Texas basis, marking a xx decrease from May xx, xxxx. This price correction emphasizes the interaction between fluctuating demand and wider economic scenario.
In May, the US Manufacturing PMI rose, indicating a reasonable growth in the manufacturing sector. Manufacturing output reached a two-month high, fuelled by the significant growth in export orders in two years. Despite this, new orders slightly fell for the second consecutive month, indicating a sense of cautious optimism among manufacturers, including those who are into producing Expanded Polystyrene.
Rising input expenses have impacted manufacturers, driven by the sharpest rise in one-and-a-half years due to increased prices of metals, chemicals, plastics, timber-based products, energy, and labour. These higher...
