GPPS

Lackluster buying from China has kept GPPS markets of Asia subdued, stagnating prices at US$1465/MT in the week of March 31, 2008. Sellers who have offered material at US$1500/MT CFR Hongkong/China, have met with resistance from buyers. Buying interest remains pegged lower at US$1470/MT, as the Chinese processors are loaded with relatively high inventories, making buyers reluctant to replenish stocks.

Related Posts by Categories

Read daily plastics industry news at Plastemart.com