In March xxxx, the US market for Expanded Polystyrene demonstrated notable stability and resilience, albeit with minor price fluctuations amid varying demand and supply dynamics. Throughout the month, the grey grade of Expanded Polystyrene on DEL - Texas basis remained a key player in the packaging and construction industries, reflecting the broader economic conditions and raw material trends.
At the onset of the month, prices for Expanded Polystyrene stayed level at USD xxxx/MT, a trend attributed to a harmonious balance between supply and demand within the packaging sector. Despite rising Styrene costs — a primary feedstock for EPS — the impact on Expanded Polystyrene price was offset by a decline in Crude Oil prices, which provided some relief in energy costs associated with EPS production. This period of equilibrium allowed for smooth supply chain operations, with manufacturers slowing down production rates to align with market conditions and...
