Monday, October 27, 2008

Despite a $100 drop, wide gap exists between buyer and seller offers for PS in Asia

As oil and feedstock naphtha and styrene monomer prices continue to soften, PS prices witnessed a hundred dollar drop in Asia this week. November shipment CFR China offers for GPPS were heard at US$12200-1250/MT, with deals concluded about 10-20 dollars lower.

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