GPPS prices moved up to US$1420/MT in Asia in the week of February 18, 2008 in line with increased values of feedstock Styrene Monomer. However, gains were limited as the market remained dull due to absence of Chinese buyers after the Lunar New Year break. In fact, a steep hike in feedstock SM prices will necessitate a further hike in GPPS prices of atleast twenty dollars.
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