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During the period before the Chinese Spring Festival holiday, EPS demand will continue to decline. However, rising production costs have driven up the price of raw styrene monomers and forced manufacturers to raise prices to maintain industry profitability. Since the end of November, the EPS price for packaging has increased to US$1,550/tonne (CFR, China), which was previously US$1,400/tonne (CFR, China), while the price of raw material styrene monomer rose to US$1,400/tonne (CFR, China) Above.
Asian demand for EPS remains weak in the first quarter
According to industry sources, the demand for EPS in Asia is expected to remain weak in the second quarter of this year, and rising raw material costs will increase product prices.