The Polystyrene market in China showed normal activity as prices remained stable during the first week of May xxxx. This was after a significant x.xx decline that happened during the last week of April. Manufacturers and traders stated that the market continued to face pressure from average demand across major downstream sectors, particularly electronics and packaging. Even though there were stable supply conditions and no production disruptions reported, market sentiment was cautious, and Polystyrene purchases remained limited as participants followed a wait-and-watch approach.
The overall production environment in China remained subpar, with key indicators showing prolonged contraction in early May. This followed an average performance in April when industrial activity decreased, and export orders got lowered, indicating reduced global demand. Despite the fall in upstream costs, including feedstock materials such as Styrene, manufacturers did not see any significant growth in orders. The decline in...
