GPPS

Propped by higher feedstock SM prices, GPPS prices rose to US$1480/MT in Asia in the week of April 21, 2008. The 15-20 dollar hike was not met with improved market demand. A thirty dollar difference exists between most CFR China offers from sellers and buying intention at US$1490/MT CFR levels. Offers from South Korea were quoted at US$1520/MT CFR China and recent deals were concluded just twenty dollars lower.

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