In January xxxx, the Polystyrene market in Turkey showed stability. Prices for General Purpose Polystyrene (GPPS), as well as for High-Intensity Polystyrene (HIPS) grade remained consistent during the first three weeks, indicating steady styrene costs and balanced demand from packaging and automobile sectors. Despite challenging economic conditions, manufacturers maintained steady production to meet domestic demand, indicating a slow market recovery after the holiday season.
In December xxxx, prices fluctuated slightly, with a minor decline of xx in the final week. The manufacturing sector showed improvement, with the manufacturing index indicating the least contraction in nine months. While higher input costs from a weaker Turkish lira posed challenges, stable feedstock prices helped manage production costs. This balance allowed the Polystyrene market to remain stable during the first week of January xxxx.
During the second week, Polystyrene prices held steady, supported by local production that met demand and...
