In light of recent changes in the economy and market trends, the US market for Polystyrene has shown steady pricing with a recent increase. As of May xx, xxxx, the price for general-purpose Polystyrene (GPPS) grade in Houston was around USD x,xxx per metric ton. This rise follows a period of stability in the previous two weeks, showcasing the impact of demand changes and the overall economic landscape.
During May, the US Manufacturing PMI indicated strong growth in the manufacturing sector, reaching a two-month high in output mainly due to a surge in export orders, the highest seen in two years. In spite of this positive growth, new orders decreased for the second sequential month, implying cautious optimism among manufacturers, including those in the Polystyrene industry.
Increasing input costs have been a challenge for manufacturers, ascribed to higher prices for metals, chemicals, plastics, timber-based products, energy,...
