Japan Chemical Trading Blog
According to an article of the Nikkei Newspaper dated on April 25, “price of polystyrene resin used as raw material of food containers or construction components has increased approx. 12 yen (5%) to 241 – 251 yen per kg (approx. USD2.35 – 2.45 per kg.) in Japan from the beginning of the year”.
International price of the raw material, styrene monomer, is stable. However, it becomes easier for domestic manufacturers to permeate price increase to customers as the import is losing competitive power in Japan with the background of the yen’s depreciation.
There are three manufacturers in Japan: DIC, Toyo Styrene and PS Japan.
It seems the raw material price and the exchange rate hold the key of future price trends.