GPPS

GPPS prices dipped to US$1455/MT in Asia in the week of December 10, 2007, on restrained buying interest from China. A drop in feedstock Styrene Monomer prices has mainly been the cause for the lackluster GPPS market. Bearish trend in the SM markets has kept GPPS markets quiet, as buyers prefer to wait and watch. General buying intention has been pegged lower than sellers' offers.

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