The Polystyrene market in China saw a consistent upward trend in prices from April xth to May xxth, xxxx. This period marked significant shifts influenced by various market dynamics, including feedstock costs, robust demand from downstream sectors, and supply chain constraints.
On April xth, the prices of Polystyrene were: General Purpose Polystyrene grade (GPPS) on FOB - Qingdao basis at USD xxxx per metric ton, and High Impact Polystyrene (HIPS) grade on FOB - Qingdao basis at USD xxxx per metric ton.
Throughout this period, the prices of Polystyrene showed a steady increase. By May xxth, the prices had risen to USD xxxx per metric ton for GPPS FOB Qingdao, and USD xxxx per metric ton for HIPS FOB Qingdao. This reflects an overall increase of USD xx per metric ton for both the grades of this commodity from the starting prices on April xth.
