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The April styrene monomer reference price skyrocketed €300/tonne as a result of limited styrene available in the European market on the back of turnarounds at styrene plants during the second quarter. In response, polystyrene producers announced planned price hikes €15-20/tonne

The global bioplastics market is estimated to grow at a double-digit CAGR of 28.8% from 2014 to 2020, as per Future Market Insights (FMI). This market accounted for US$1.9 bln in 2014, and is expected to reach US$43.8 bln by 2020,

PE sellers in Europe are said to be planning to seek increases beyond the rise in the ethylene contract for May even after achieving three digit hikes on their April business, according to ChemOrbis. Firm costs as well as persistently