In April xxxx, the Expanded Polystyrene market in China made a strong recovery, with prices rising each week due to growing demand within the country and stable costs for raw materials. After a stable start in the first week, Expanded Polystyrene prices increased gradually, reaching close to double-digit growth by the month-end.
During the first week of April, the Expanded Polystyrene market stayed flat, with no price changes from the previous week. This was mainly because demand from packaging and automobile industries remained average. High stock levels in major manufacturing regions, such as Jiangsu and Shandong, reduced buyer interest. On the raw material side, styrene prices, which had been unstable before, settled down in early April, reducing cost pressures for Expanded Polystyrene producers.
In the second week of April, Expanded Polystyrene prices rose by x.xx as demand...
