In August xxxx, the U.S. Expanded Polystyrene market witnessed notable price fluctuations, indicating the constant supply-demand imbalances and broader market dynamics. As of the fourth week of August, the price of Expanded Polystyrene for grey grade on FOB - Texas basis was reported at USD x,xxx per metric ton, showing a decrease of approximately xx compared to the previous week.
July saw steady Expanded Polystyrene prices, remaining unchanged throughout the month at USD x,xxx per metric ton. As August began, Expanded Polystyrene prices saw a nominal decline, with a x.xx drop in the first and second weeks. This was followed by a more noticeable decrease in the subsequent weeks. The decline in August was driven by reducing demand from key sectors, such as packaging and construction, combined with an oversupply in the market, which exerted downward pressure on prices.
