For the Quarter Ending September 2025
North America
• In the USA, the Polystyrene Price Index fell by 5.43% quarter-over-quarter, reflecting weak demand and high inventories.
• The average Polystyrene price for the quarter was approximately USD 1533.00/MT with subdued offtake overall.
• Polystyrene Spot Price declined late quarter as offers softened amid abundant stocks and weak restocking.
• Polystyrene Production Cost Trend eased as styrene and benzene prices softened, reducing cost-push on producers.
• Polystyrene Price Index volatility moderated in September as weekly quotes consolidated and sellers competed aggressively.
• Inventory builds, substitution toward recycled grades constrained demand, prompting downward pressure on domestic offers broadly.
Why did the price of Polystyrene change in September 2025 in North America?
• Ample inventories and steady production removed upward price support, reducing urgency for buying and restocking.
• Eased benzene and styrene costs lowered Polystyrene production cost pressure, constraining producers from raising offers.
• Moderate downstream activity and substitution toward recycled grades reduced incremental offtake, weakening Polystyrene spot recovery.
APAC
• In Japan, the Polystyrene Price Index fell by 2.32% quarter-over-quarter, reflecting subdued demand and import competition.
• The average Polystyrene price for the quarter was approximately USD 1964.67/MT, indicating stable range-bound market conditions.
• Polystyrene Spot Price remained muted while the Polystyrene Price Index showed downward momentum amid balanced supply.
• Feedstock pressures eased as naphtha and styrene costs fell, improving Polystyrene Production Cost Trend margins.
• Sufficient inventories and restocking alongside export flows constrained offers, keeping the Polystyrene Price Index subdued.
• Domestic producers maintained steady operating rates without major shutdowns, supporting availability despite mildly weakening Price Index.
Why did the price of Polystyrene change in September 2025 in APAC?
• Subdued downstream procurement, cautious restocking reduced domestic absorption, pressuring spot offers and the Price Index.
• Competitive import flows from Southeast Asia maintained supply, while logistics stability prevented short-term cost spikes.
• Lower naphtha and styrene costs eased production cost pressures, offsetting weak demand and limiting rallies.
Europe
• In Germany, the Polystyrene Price Index fell by 5.31% quarter-over-quarter, reflecting inventory overhang and weaker demand.
• The average Polystyrene price for the quarter was approximately USD 1575.33/MT, reflecting range-bound market conditions.
• Polystyrene Spot Price weakened in September amid ample imports and converter purchasing, maintaining downward pricing pressure.
• Polystyrene Production Cost Trend benign as styrene and energy costs stayed moderate, limiting cost-push support.
• High inventories and domestic output pressured the Polystyrene Price Index, constraining upward movement despite export flows.
• Operational stability at producers kept supply reliable while recyclate substitution limited virgin Polystyrene demand and upside.
Why did the price of Polystyrene change in September 2025 in Europe?
• Oversupply from steady domestic output and imports created inventory overhang, pressuring September pricing downward further.
• Stable feedstock styrene and energy costs limited cost push, failing to support higher September quotes.
• Weak converter demand and recycled grades reduced spot uptake, while logistical normalization maintained import levels
MEA
• In Saudi Arabia, the Polystyrene Price Index fell by 5.39% quarter-over-quarter, reflecting subdued downstream demand.
• The average Polystyrene price for the quarter was approximately USD 1376.00/MT, reflecting limited spot volatility during the quarter.
• Polystyrene Spot Price remained range-bound as steady production and imports balanced domestic consumption pressures mildly.
• Polystyrene Production Cost Trend stayed stable as soft styrene and naphtha eased input cost pressures.
• Polystyrene Price Index weakness was amplified by elevated port inventories and trader behavior limiting liquidity.
• Operational stability at major producers maintained supply discipline, capping volatility despite competition and oversupply risks.
Why did the price of Polystyrene change in September 2025 in MEA?
• Weak downstream restocking reduced immediate buying, thereby pressuring spot prices and maintaining neutral market balance.
• Soft feedstock styrene and lower naphtha eased production costs, limiting upward price pressure despite steady demand.
• Elevated inventories and logistics increased availability, enabling sellers to hold offers and restrain price recovery.
South America
• In Brazil, the Polystyrene Price Index rose marginally by 0.04% quarter-over-quarter, reflecting balanced supply and muted demand.
• The average Polystyrene price for the quarter was approximately USD 1598.67/MT, reflecting CFR Santos grade dynamics.
• Polystyrene Spot Price movements were restrained by stable imports and sufficient inventories, limiting short-term volatility.
• Polystyrene Production Cost Trend remained mild as lower styrene feedstock costs eased upstream pressure on producers.
• Polystyrene Price Index stability reflected neutral consumption, currency effects, and intermittent port congestion affecting prompt supply.
• Operational continuity at regional producers and consistent import flows supported supply, preventing sharper Polystyrene Price Index movements.
Why did the price of Polystyrene change in September 2025 in South America?
• Balanced import volumes and steady domestic production maintained supply, capping upward price momentum in September.
• Lower styrene feedstock costs reduced production pressure, contributing to limited downstream procurement and subdued pricing.
• Port congestion and currency depreciation intermittently tightened imports, creating localized support but overall neutral price impact.
For the Quarter Ending June 2025
North America
• Polystyrene price index in USA showed limited fluctuation during Q2 2025.
• While April witnessed stable spot prices amid average Polystyrene demand outlook and soft cost support, May 2025 saw mild growth in price index, driven by restocking from downstream packaging and electronics sectors.
• By June, prices steadied again as seasonal demand moderated. Supply conditions remained largely consistent with only a few plant outages reported at domestic production facilities.
• Feedstock styrene and benzene prices were relatively moderate, leading to stable production cost trends.
• Logistics improved slightly following spring-related slowdowns, allowing timely inventory movement.
• However, macroeconomic uncertainties kept procurement cautious, especially in the construction segment.
• Imports from Asia remained competitive but did not significantly disrupt the domestic market.
Why were the prices of Polystyrene stable in July 2025 in the US?
• In July 2025, Polystyrene spot prices in the US held steady due to balanced supply-demand fundamentals.
• Stable feedstock costs, steady packaging demand, and cautious construction activities contributed to restrained pricing sentiment. Polystyrene production cost trend remained flat, and inventory levels were sufficient to meet existing needs.
• Polystyrene Price forecast for Q3 2025 suggests upward movement in price index driven by pre-festive packaging demand, though construction and macroeconomic uncertainties may limit growth.
APAC
• Polystyrene spot prices in South Korea declined in early Q2 2025 before stabilizing in June.
• April recorded a drop in price index due to bearish downstream sentiment and high inventories from the previous quarter.
• Despite some recovery in packaging demand by mid-May, overall offtake remained moderate.
• Electronics production showed uneven trends, with average procurement of polystyrene for consumer goods and housing materials.
• Feedstock styrene prices reduced in April, lowering the input costs, but increased in June alongside improved regional sentiment.
• Despite some plant shutdowns, production continued at steady rates.
• Export activity to Southeast Asia helped reduce domestic inventory pressure, though sentiment remained mixed due to competitive import offers from China and Taiwan.
Why were the prices of Polystyrene stable in July 2025 in Asia?
• In July 2025, Polystyrene Price Index in South Korea experienced stabilization.
• The stability was supported by constant demand from the packaging industry and continuous productions. Moderate import volumes also contributed to price firmness.
• The production cost trend reflected no upward pressure from feedstock styrene market.
• Price Forecast suggests modest gains through Q3, provided downstream restocking continues and macroeconomic sentiment remains stable.
Europe
• Polystyrene price index in the Netherlands trended downward throughout Q2 2025.
• April and May saw consecutive declines due to weak demand outlook from packaging and consumer durables segments, while June brought temporary stabilization supported by marginal recovery in construction demand.
• Feedstock styrene costs dropped in early Q2, weakening cost support for producers. Inventory levels remained high due to cautious buying and extended delivery lead times from Asia.
• Domestic production operated steadily, though imports from the Middle East and APAC added competitive pressure.
• Logistical congestion at major Western European ports affected delivery schedules but did not cause significant disruptions.
• End-user industries delayed procurement due to macroeconomic pressures and cautious inventory planning.
Why did the price of Polystyrene change in July 2025 in the Netherlands?
• In July 2025, Polystyrene price index in the Netherlands fell due to reduced demand from packaging and electronics sectors, lower feedstock styrene costs, and competitive Asian imports.
• Production cost trend was neutral, but excess inventory levels pressured pricing downward.
• Polystyrene Price forecast for Q3 2025 remains neutral, with only moderate growth expected if downstream restocking strengthens and imports decline.
MEA
• Polystyrene spot prices in Saudi Arabia remained stable through most of Q2 2025, with a decline in April followed by a modest rebound in June.
• April's lower price index rose from low post-Eid demand and decrease in construction activities.
• By late May, procurement improved from packaging and electronics sectors, which, along with higher styrene costs, supported prices in June.
• Domestic producers operated smoothly without major outages. Exports to South Asia and Africa remained stable, helping maintain a balanced inventory environment.
• Competitive cargoes from Asia offered limited disruption, and local distribution improved post-Ramadan, supporting consistent supply chains.
• Overall sentiment was conservative, with buyers focusing on short-term needs.
Why did the price of Polystyrene change in July 2025 in Saudi Arabia?
• In July 2025, Polystyrene price index in Saudi Arabia declined due to weak post-holiday demand and stable production.
• Feedstock costs were low, and export activity was moderate, leading to average domestic market sentiment.
• Price forecast for Q3 2025 suggests growth backed by infrastructure activities and seasonal restocking, though external competition may cap growth.
South America
• Polystyrene price index in Brazil showed a declining trend in April and May 2025 before edging higher in June.
• Price corrections were driven by declining feedstock styrene costs and reduced demand from packaging sector.
• Inflation and currency volatility kept buyers cautious, especially in automotive and construction applications.
• June witnessed a slight recovery in prices supported by seasonal recovery in consumer goods packaging and tighter supply from import delays.
• Domestic production remained steady, while cargo arrivals from the US and Europe increased availability.
• Logistics disruptions at Brazilian ports occasionally delayed shipments, causing short-term mismatches between supply and demand.
Why were the prices of Polystyrene stable in July 2025 in Brazil?
• In July 2025, Polystyrene price index in Brazil experienced stabilization.
• The stability was supported by constant demand from the packaging industry and continuous productions. Continuous import volumes also contributed to price firmness.
• The production cost trend reflected no upward pressure from feedstock styrene market.
• Price Forecast suggests modest gains through Q3, provided downstream restocking continues and macroeconomic sentiment remains stable.
For the Quarter Ending March 2025
North America
In Q1 2025, the Polystyrene (PS) market in North America observed alternating trends amid fluctuations in demand and upstream costs. In USA, January began on a stable note, supported by steady downstream consumption from packaging and automobile sectors. However, mid-month witnessed a marginal drop in prices, followed by a moderate recovery in the fourth week due to rising feedstock costs. By the end of January, prices softened again, mainly driven by reduced demand and high supply.
In February, the market remained mostly steady despite external uncertainties. Automobile demand held firm, but the packaging industry experienced notable weakness, with International Paper announcing mill closures in response to declining volumes. Mid-February saw a slight price drop of around 1% amid oversupply, while the remainder of the month was largely flat.
March saw prices opening stable at USD 1,665/MT for GPPS grade, before a notable 5% drop in the second week due to styrene cost declines and market oversupply. A partial rebound followed in week three due to planned maintenance and rising energy prices. Overall, Q1 closed on a cautious tone.
APAC
During Q1 2025, the Polystyrene (PS) segment faced reduced trading activity. In China, the market was primarily influenced by reduced downstream demand and post-holiday recovery. January began with sluggish market sentiment as prices remained low, impacted by weak demand from packaging and electronics sectors and cautious restocking ahead of Lunar New Year. However, limited changes in feedstock styrene prices helped stabilize market dynamics. In February, market participants observed a relatively flat trend. Prices remained stable through early February as construction activity resumed under government infrastructure support. Despite that, subdued consumer goods demand and excess inventory levels capped any price rise. By late February, producers struggled to stimulate buying interest. In March, prices became flat by the month-end, compared to earlier levels. Post-holiday resumption failed to lift market enthusiasm significantly, with packaging and electronics industries continuing to adopt a cautious procurement approach. Although feedstock costs showed some resistance to decline, overall sentiments remained bearish due to muted demand and high material availability throughout the quarter.
Europe
The Polystyrene (PS) market in Europe experienced mixed fundamentals through Q1 2025. Especially in Germany, during January, market activity was cautious as buyers delayed orders amid average downstream demand and relatively weak support from feedstock styrene. The electronics and packaging sectors showed only moderate offtake, contributing to mild price fluctuations. February saw a brief revival in sentiment with better procurement activity in the packaging segment, particularly in the FMCG industries. Producers maintained steady operations, though macroeconomic pressures and energy concerns remained. Prices trended upward modestly mid-month, supported by stable supply and slight improvement in domestic demand. March closed with Polystyrene prices at USD 1,510/MT for GPPS grade. However, the overall market tone remained conservative with limited bulk orders placed as buyers remained cautious of further economic uncertainty. Import volumes stayed moderate, favouring domestic supply channels. Despite seasonal restocking and improved logistics, the market sentiment in Europe through Q1 was one of stabilization rather than expansion, as downstream sectors remained hesitant to engage in aggressive procurement.
MEA
In Q1 2025, the Polystyrene (PS) market in the Middle East moved within a relatively stable range. Particularly in Saudi Arabia, there were minor shifts driven by raw material fluctuations and restrained demand. The market opened January cautiously, as manufacturers focused on adjusting inventories amid average demand from packaging and construction sectors. By mid-January, market participants noted improved domestic logistics and reduced feedstock pressure, which helped maintain price levels. In February, upstream styrene prices offered limited support, keeping PS values in a narrow range. However, rising usage in downstream insulation applications offered localized demand momentum. March ended with consistency in prices, reflecting a stable trend compared to the previous weeks. Despite Ramadan preparations, overall demand remained moderate. Inventory levels were well-managed, and domestic production faced no major disruptions. Export activity was slow, and import volumes remained steady. The quarter overall was marked by a neutral pricing environment, guided by steady manufacturing activity and limited external factors, as regional consumers maintained a wait-and-watch approach.
South America
The South American Polystyrene (PS) market experienced a downward trend throughout Q1 2025. January began on an average note in Brazil, with reduced usage from packaging and electronics industries amidst broader economic uncertainties. Stable but unfavourable feedstock styrene market dynamics offered little cost support. Mid-January saw temporary stabilization in prices, driven by seasonal restocking. In February, market participants observed limited change in demand conditions, with many buyers avoiding long-term contracts due to exchange rate volatility and freight concerns. Prices declined slightly mid-month, in response to reduced exports and excess inventories. In March, PS prices settled at USD 1,600/MT for GPPS grade by month-end. The bearish trend persisted as domestic demand failed to pick up even normally, especially from the construction and electronics sectors. Manufacturers adopted conservative pricing strategies to manage stock levels, while upstream styrene remained relatively flat. Overall, Q1 2025 was characterized by weak demand, a well-supplied market, and cautious buying behaviour across the region, keeping PS prices under pressure.
For the Quarter Ending December 2024
North America
In Q4 2024, the polystyrene market in North America faced a challenging environment characterized by oversupply and fluctuating demand across key sectors. The construction industry experienced a slowdown due to rising interest rates that curtailed new housing projects and renovations. This decline led to reduced orders for polystyrene products used in insulation applications, creating pressure on manufacturers to adjust their production levels.
However, the packaging sector emerged as a bright spot as e-commerce continued to drive demand for lightweight and protective packaging solutions. Manufacturers focused on enhancing product performance while addressing sustainability concerns through innovations in recycled content and alternative materials.
By December, while some producers adjusted their inventories due to shifting demand patterns from construction and consumer goods sectors, overall sentiment remained cautiously optimistic. Stakeholders anticipated gradual recovery into 2025 as construction activities began to stabilize and innovations in sustainable packaging gained traction within regulatory frameworks aimed at reducing plastic waste. The emphasis on eco-friendly practices was expected to shape future market dynamics significantly across North America.
APAC
In Q4 2024, the polystyrene market in the APAC region, particularly in China, faced a dynamic landscape marked by both challenges and opportunities. The construction sector remained a significant driver of demand, with polystyrene being essential for insulation in energy-efficient buildings. Government initiatives promoting sustainable construction practices and green building certifications bolstered this demand. However, manufacturers contended with rising raw material costs and an oversupply situation, which led to price corrections and increased competition.
The packaging industry also saw robust growth, driven by the booming e-commerce sector. Polystyrene's lightweight and protective qualities made it a preferred choice for packaging solutions, particularly for fragile goods. Additionally, consumer preferences shifted towards sustainable options, prompting producers to explore biodegradable alternatives and enhance recycling capabilities.
By December, while some manufacturers struggled with inventory management due to erratic demand patterns, overall market sentiment was cautiously optimistic. Stakeholders anticipated growth into 2025, driven by innovations in sustainable polystyrene formulations and increased regulatory support for eco-friendly materials across the region, as environmental concerns continued to shape industry practices.
Europe
In Q4 2024, the polystyrene market in Europe encountered significant challenges primarily due to economic uncertainties impacting major industries such as construction and automotive. The construction sector experienced a decline in new projects as rising interest rates curtailed investment decisions, leading to reduced demand for polystyrene insulation products. This downturn was exacerbated by ongoing supply chain disruptions that affected material availability.
Conversely, the packaging industry displayed some resilience, with polystyrene utilized for protective packaging solutions amidst growing e-commerce activity. However, environmental regulations promoting sustainable alternatives put pressure on traditional polystyrene usage. Many companies began investing in research to develop recyclable or biodegradable options to comply with stricter EU regulations.
By December, manufacturers grappled with high inventory levels due to decreased consumption across sectors. Despite these hurdles, there was cautious optimism regarding future growth driven by innovations in sustainable materials and recycling initiatives. Stakeholders anticipated that regulatory support for eco-friendly practices would play a crucial role in shaping the market landscape moving into 2025 as sustainability became a central focus across industries.
MEA
In Q4 2024, the polystyrene market in the Middle East and Africa (MEA) exhibited signs of stability amidst varied demand dynamics. The construction sector remained a significant consumer of polystyrene products, particularly in insulation applications driven by government infrastructure investments in countries like Saudi Arabia and the UAE. These investments were part of broader economic diversification efforts aimed at reducing reliance on oil revenues.
However, challenges arose from oversupply conditions and intense competition among local manufacturers. Producers adjusted pricing strategies to manage excess inventory while facing subdued demand from sectors such as packaging. The packaging industry showed resilience but was impacted by shifting consumer preferences towards sustainable materials and stricter regulations regarding plastic use.
By December, while some suppliers reported reduced margins due to aggressive pricing tactics, overall market sentiment remained stable. Stakeholders anticipated gradual recovery into 2025 as infrastructure projects ramped up and sustainability initiatives gained traction. Innovations in recycling technologies and eco-friendly formulations were expected to drive future growth in the region, aligning with global trends toward greener practices.
South America
In Q4 2024, the polystyrene market in South America demonstrated resilience despite economic fluctuations affecting various industries. The construction sector continued to be a significant driver of demand for polystyrene products used in insulation and structural applications. Government-led infrastructure projects across Brazil and Argentina supported this trend as part of broader efforts to stimulate economic growth following pandemic-related slowdowns.
The packaging industry also contributed positively as consumer preferences shifted towards online shopping, increasing the need for effective protective packaging solutions. However, challenges such as inflationary pressures and currency fluctuations impacted production costs and pricing strategies for manufacturers.
By December, while some manufacturers faced supply chain disruptions affecting raw material availability and logistics costs, overall market sentiment remained optimistic. Stakeholders anticipated growth into 2025 driven by ongoing infrastructure investments and innovations aimed at enhancing sustainability within polystyrene applications. The focus on eco-friendly alternatives was expected to shape future market dynamics significantly across the region as companies sought to align with global sustainability trends. So, the prices of Polystyrene stood about 1,660 per MT on CFR – Santos basis.
